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7 Nov 2014
AUD and crosses in a snapshot - TDS
FXStreet (Guatemala) - In a snapshot, Analysts at TD Securities broke down the AUD and crosses in a technical analyses.
Key Quotes:
“AUD/USD's break below the recent consolidation range base implies more weakness ahead; look to fade minor rebounds near-term”.
“AUD/JPY's rally has stalled and unless the recent trend appreciation resumes soon, the cross may slip back to the mid/upper 97s”.
“AUD/NZD failed to crack on through key resistance around 1.13 this week but the overall outlook remains positive”.
“EUR/AUD remains in a sideways range trade”.
Key Quotes:
“AUD/USD's break below the recent consolidation range base implies more weakness ahead; look to fade minor rebounds near-term”.
“AUD/JPY's rally has stalled and unless the recent trend appreciation resumes soon, the cross may slip back to the mid/upper 97s”.
“AUD/NZD failed to crack on through key resistance around 1.13 this week but the overall outlook remains positive”.
“EUR/AUD remains in a sideways range trade”.