The AUD has stabilised on the crosses over the last 24 hours. AUD/JPY has made modest gains but is still stuck in range-trading mode either side of 93.00. GBP/AUD has settled down after recent spikes but is holding on to most of its gains, usually a bullish sign. AUD/NZD is back at its breakdown level and recent pivot near 1.1200 and if the bulls can regain this level, we could get a sharp short-covering spike?
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