AUD/NZD has been on an absolute tear over the last couple of weeks, but the Wednesday candle suggests that it could be running out of steam for the short-term. The pullback is needed, and the 1.29 handle is an area that has been resistive in the past.
The EUR/AUD looks as if it is trying to form a base at the 1.34 level. This would confirm a bearish bias on the Aussie at the moment, against two varied currencies. The Euro is presently driven by headlines, so even with this obvious support area, this pair could be a tough one to trade.
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