EUR/AUD was the big mover yesterday, taking out short-term support at 1.4270 and then breaking below recent lows at 1.4180 (see chart). The failure to close below will be slightly worrying for the bears but selling rallies looks like the play here for a move towards 1.3950. AUD/NZD remains very steady indeed but the failure of AUD/JPY to test 94.40 suggests to me that short-term bullish momentum is starting to wane.
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