AUD/NZD eyes move lower in short term

2 May, 2017

AUD/NZD eyes move lower in short term

AUD/NZD has retreated from recent highs and if we can see a break below the lows for the last 24 hours, a move down to 1.0823 would be little surprise. This is the 38.2% retracement of the rally we have seen posted over the last two weeks and also matches the support seen around April 27th.

EUR/GBP is eyeing further gains with resistance likely to be encountered in the short term at recent highs of 0.8530 then 0.8585.


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