The AUD/NZD pair had a very bearish day on Monday, and looks dead set on testing the 1.25 area for support. We like the look of the area, and would be interested in buying on signs of support in that general neighborhood.
The AUD/USD could perhaps be doing a little bit of foreshadowing as during the last few hours of the US session, it is finding a lot of buyers and is looking to form a hammer just above the 1.03 level. The AUD could be ready to get a bit of a bid as the markets seem to be ready to bounce a bit in general.
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