The AUD has also stabilised on the crosses over the last few trading sessions and it’s beginning to show some small signs of strength against the NZD and the JPY at least. AUD/JPY has continued to make modest gains but is still stuck in range-trading mode either side of 93.00. AUD/NZD is back at its breakdown level and recent pivot near 1.1200 and if the bulls can hold above here, we could get a sharp short-covering spike?
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