CROSSES: AUD/NZD backed off from 1.2000 very sharply and I think this cross will continue to show a lot of weakness in coming weeks. On the other hand, the AUD made decent gains against the EUR and that weekly top at 1.4400 is looking stronger by the day (see chart). AUD/JPY has been quite active but not showing very much movement overall and once again opens near 90.50.
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