AUD,NZD/Flows and Orders/FXWW News/Technical Analysis/Trade Ideas

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.

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