AUD,NZD/FXWW News/Technical Analysis

NZD continues to look very weak on the crosses

  • AUD/NZD close above 1.1500 could be an important psychological turning point;
  • EUR/NZD has an imperfect double-bottom formation (see chart) but a close above 1.6515 and another break above the 100-DMA could set the tone for a medium term rally;
  • NZD/JPY looks to be in a pretty sharp short-term downtrend.

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