• AUD/NZD has been consolidating it’s break above 1.1100. I will have a closer look through the morning but this pair tends to move, consolidate, move. So look for a 1.1050/1.1200 type range over coming days with a medium-term buy-dip bias.
  • NZD/JPY is starting to look a bit toppy on the medium-term charts and is definitely worth watching. The Japanese investment market is heavily long this pair so we will be prone to long liquidations when important support points break.
  • NZD/USD looks like it wants to take out the Fibo level we mentioned yesterday and technical support levels are pretty scarce below there.