JPY Trading Outlook (28-10-2013)

AUD/NZD has made a strong weekly close above 1.1500 and continues to grind slowly higher. The next resistance level to watch is a daily high near 1.1650. AUD/JPY is treading water near 93.50 but I’m still in the buy-big-dip camp here. The AUD looks weak against the EUR, with EUR/AUD trying hard to break back above its 100-dma at 1.4400.

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