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AUDUSD TECHS

Consolidating Above Support

EURJPY TECHS

Corrective Cycle

USDJPY TECHS

Consolidating But Remains Bullish

AUSSIE TECHS
AUSSIE TECHS: 0.6988 Well Within Range
AUDUSD extended below post-FOMC lows Wednesday, even showing briefly south of
the 0.70 handle. This keeps the recent cycle lows of 0.6988 uncomfortably close
for bulls and a break below would cement the bearish argument. To repair the
damage, bulls look for a close above the Tuesday high at 0.7069 to extend gains
toward the 0.71 level & 55-dma. Emboldened bears following the upbeat Fed look
to cement a close below 0.7000, with a break of the April 25 low at 0.6988
shifting the focus back to the Jan lows.