NZD/USD had a relatively quiet day on Monday, which is a bit strange considering what the Euro did. The pair looks as if it is trying to consolidate for a move, and as a result we are watching this tight range closely.
The AUD/USD pair looks a bit more robust. However, this pair is highly sensitive to risk, and this has us cautious about getting too bullish at this point at there are a few resistance areas just above.
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