We were stopped out of our AUDUSD shorts through 1.0280 last night as the pair’s grind higher in the wake of positive retail sales data continued, from 1.0145 at yesterday’s low to a 1.0324 high in Asia today. The pair should now find support around 1.0270/80; resistance is at 1.0380/1.0420, and the 200-day moving average comes in around 1.0415. EURAUD is still at the lows around 1.2380; trendline resistance is at 1.2510. NZDUSD support is at 0.7900/10.
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