February 3 2022
The AUD has not be able to sustain the break above 0.7140, a failure here would be a setback, and see a return to downside pressure with 0.7060 as the first target.
If the AUD can regain 0.7140 expect a move up to 0.7180 possibly 0.7200
1.2660/50 continues to hold up the USDCAD, while this area remains supported the USD bulls will be looking for a move higher to 1.2700/10 resistance, which if broken they will target 1.2740.
However if 1.2650 give ways then expect more selling pressure to 1.2600 and possibly 1.2570 support.
The Kiwi looks a little unloved having failed to take out 0.6650/60 resistance. Unless this level is broken the NZD will drop back to 0.6570 and possibly 0.6540 in extension.
However, a clear break above the 0.6650 resistance will target 0.6700.
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