AUD: Mixed bag on crosses should ensure consolidation

  • AUD/USD trend remains bearish but important long-term technical support at .8660 held firm on the first test;
  • AUD/JPY has started to retrace and could easily fall another 200 pips but the AUD does look reasonably inviting against the GBP in particular.

Sounds like another perfect set-up for some range trading between .8650 and .8800 in the AUD/USD over coming sessions.

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