- Iron ore price recovery continues to maintain momentum;
- Gold price jumps sharply overnight;
- AUD/USD closes above previous resistance at .7840;
- AUD/NZD consolidating above recent pivot at 1.0220.
I’d suggest a bullish intraday bias with support now at .7820 and the next topside technical targets at the 100-dma (.7884) and the neckline of developing double bottom, which is at .7940.