- AUD/NZD has managed to close back above 1.0220 resistance;
- EUR/USD has closed above 1.0800 and the USD bulls are looking modestly shaky;
- AUD/USD is trying to build a base on the dailies and a test of important resistance levels near .7900 looks likely in coming sessions.
I prefer to play AUD/USD from the long side today. We are currently trading around .7780 and I expect support levels to emerge below .7760 with an upward session bias towards .7840.