AUD/USD: Technical support looming at .8660 by Sean Lee

The lows from January at .8660 are coming into view for the AUD/USD and they might encourage some bouts of profit-taking from those clever traders who’ve been short since 93 cents. AUD/NZD might also catch an up-draught after the comments and reports out of New Zealand.

Contrarian bulls should keep their pencils sharpened, just in case support levels hold.

 

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