AUD/NZD is slowly but surely headed towards 1.1000 where large optionality awaits. The NZD has also regained some important levels against currencies like the GBP. AUD/JPY needs to break above the 200-dma at 94.40 in order to generate fresh bullish momentum and despite yesterday’s reversal, I am still in the buy-dip camp. EUR/AUD continues to look toppy and I feel the bears may soon regain control.
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