JPY Trading Outlook (25-07-2013)

CROSSES: The crosses are sitting close to interesting levels again. AUD/NZD is sitting just
above reported support at 1.1500 and a clean break below there targets 1.1200. If support can
hold, then further 1.15/1.18 range trading is on the cards. EUR/AUD is once again trading at
1.44 and there was some very heavy buying in this cross during early London trade.

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