AUD,NZD/FXWW News/Technical Analysis

AUD crosses failing to bounce at all

  • EUR/AUD is 200 pips higher on the day and showing no signs of weariness just yet.
  • AUD/JPY has broken trendline support and looks likely to test trend lows at 88.95 very soon.
  • AUD/NZD has broken more technical support near 1.1375 and is targeting 1.1200 (and starting to get very cheap).
  1. Hi Sean,

    Thanks, it was a good idea to book my profits on AUD/USD. Obviously, the bears are back in control but on the technical side we are still in the range [.9000-.9320] for now. If we break the support at .9000, the bears target should be 0.8770 ?? Otherwise, it could be interesting to sell the rallies on USD/JPY near 99.50 with tight above 100.00 ??

  2. I don’t know who is the good or who is the bad. But I see AUDCHF is the ugly (uglier than AUD/EUR). Aussie is weak while Swissie is great at the moment. 🙂

  3. Aussie is weak at moment. But, it won’t close below its 300 pips range. 0.95 — 0.96, or 0.98, or 1.0200 are good level for short.
    As eur-used jump up in tonight, aud short squeeze will kill all..

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