USDJPY: Friday’s low was on the 55 dma which is currently at 105.71. There is also focus on the 200 dma at 107.41. These two moving averages have been converging and one of them will be breached in the Short Term. It is continued to expect lower levels to be tested and good Short Term support below the 55 dma is at 104.99. A breach of that would be another bearish development that would open the way for a test of the 102.50 area.
AUDUSD: Closed above the 0.9670 level last week showing that the uptrend is still in place. The next resistance level is at 0.9910 which was the high from Jan 1983. It is expected further gains in the Short Term and target parity in the Long Term.
AUDNZD: Rallies to make new highs for the uptrend and is now testing the resistance level at 1.2787 which was the high from July 2001. A breach of that would be another significant development that would suggest further gains towards the 1.36 target with interim resistance at 1.3136.
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