CROSSES: Daily support at 96.90 in AUD/JPY is growing in significance (see chart) and if the Nikkei turns lower later today then we could see a break below this level. The next support below there isn’t until 93.00.
Elsewhere the AUD has remained fairly steady but I still favour selling any AUD rallies against the NZD or the EUR. Buy dips in EUR/AUD back towards 1.3200 and sell AUD/NZD rallies towards 1.2000.
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