AUD,NZD/FXWW News

AUD crosses picking up more momentum

Firstly it was AUD/JPY forming a possible base (see chart) and now the AUD is starting to look very strong against the EUR.

The EUR/AUD daily chart (see chart) looks to have a strong topping pattern with resistance levels now at 1.4450. Prime broker reports show more stops below 1.4300.

AUD/USD looks to be stalling at an interim trendline and sideways consolidation looks likely. AUD demand on the crosses being balanced by USD demand across the board.

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