AUD/USD: Range trading with bearish bias

  • Shortish-term resistance now firming at .8650 breakdown level with support near the base of a bearish channel at .8400; playing the edges of this range with a bearish bias makes good sense.
  • Longer term support levels at .8050 are the main downside target with resistance now likely to be super firm at .8850ish.

AUD/NZD looks to be in a 1.09/1.13 consolidation range whilst  AUD/JPY is bullish with a strong buy-dips bias.

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