AUD/USD: Soft feel this morning, risk-off Friday
- Mixed pictures on the crosses with AUD/JPY looking soft, targeting 92.80, and EUR/AUD looking bullish, targeting 1.45+;
- AUD/NZD on the other hand looks strong and a test of 1.1650 looks likely;
- Prior highs at .9520 are the obvious downside target in AUD/USD but with USD sentiment still poor, buying big dips is the play;
- Resistance levels will be very strong on the approach to the 200-DMA at .9745 now.
Nothing much on the economic calendar so we will rely on end-of-week flows for some excitement.