CROSSES: AUD/JPY has broken back above short-term resistance at 96.90 and the fact that it did so despite a much weaker USD/JPY leg shows just how short the AUD market must’ve been. Deep dips towards Fibo support at 95.50 (see chart) should now be considered buying opportunities.
AUD/NZD should consolidate now between 1.1950 and 1.2150. EUR/AUD has pulled back sharply and also looks to be entering retracement mode.
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