JPY Trading Outlook (15-10-2013)

AUD/NZD triggered stop-loss sell orders below 1.1300 last evening but solid bids were reported near 1.1280 and the cross recovered immediately. AUD/JPY has broken and closed above previous resistance at 93.40 and the next target is at recent trend highs near 94.40. EUR/AUD is stuck in sideways mode but AUD/CHF is starting to generate some interest. It rallied strongly last night but stalled again near .8650.

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