AUD/NZD probing recent lows at 1.2100
Even though we’ve broken below daily support at 1.2140, bearish momentum hasn’t really increased and this pair has been struggling to break below 1.2100. In fact it’s trading like a pair that has some barrier protection in play, but that’s a pure guess on my part.
The NZD/USD has been the leader again this morning, trading up to .8515 and dragging the AUD/USD and EUR/USD with it. USD/JPY and USD/CHF are staying static thus far.