AUD/JPY broke above important technical resistance levels and then promptly reversed very sharply indeed (see chart). There is decent support at 92.70/80. EUR/AUD was another big mover yesterday, confirming yet again support levels near 1.4125 before rallying very sharply. The break and close above 1.1450 in AUD/NZD gives yet more strength to the argument that a base is in place and more gains are ahead.
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