AUD/USD: Recent bounce should run out of steam. We still expect AUD/USD to decline in the weeks ahead.
NZD/USD: Failed ahead of the .8395 December 1981 high which should continue to cap.
USD/CAD: The .9800 resistance zone provoked failure. Once bettered the .9940/75 area will be eyed, though.
EUR/AUD: The last few days’ decline should soon encounter support along this year’s uptrend line at 1.3314.
EUR/NZD: Has come off the 200 day moving average at 1.8028 and may revisit the 1.7408/1.7358 zone.
EUR/CAD: The 38.2% Fibonacci retracement at 1.4383 has led to a sharp short term reversal. Is sidelined.
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