AUD,NZD/FXWW News/Technical Analysis

AUD/USD: Look to play wide .9525/.9750 range in coming sessions

  • The 200-DMA at .9750 is looking like the crucial technical level (see chart);
  • Support levels are fairly light until trend-line and prior highs near .9525;
  • AUD/JPY reversed sharply after a strong technical break but the risk-reward in buying dips towards technical support levels at 92.70/80 looks quite attractive (see chart);
  • AUD/NZD continues to look modestly bullish;
  • EUR/AUD confirmed its support level at 1.4125 before rallying sharply.

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