AUDNZDThe pair once again managed to rebound from an important support near 1.0940-20 area, also nearing 100-day SMA, and move back to retest a short-term descending trend-line resistance, near 1.1220 region. A decisive break above this trend-line resistance now seems to set the stage for continuing the pair's near-term upward trajectory towards 2015 daily closing highs resistance near 1.1360-80 zone. Further, sustained strength above 1.1360-80 resistance might continue supporting the prospects of extending the near-term appreciating move towards 61.8% Fib. expansion level resistance near 1.1550 level. Meanwhile, reversal from current resistance level is likely to find strong support near 1.1050 level, which if broken seems to force the pair back towards retesting 1.0940-20 important support. Furthermore, a decisive break below this important support, seems to set the stage for a test of its next major support at 200-day SMA, currently near 1.0700-1.0680 zone.
AUDJPYAfter nearly retesting 82.00 round figure mark support, the pair has been steadily attempting a recovery and is now moving close to its immediate resistance near 86.00 mark representing 38.2% Fib. retracement level of Aug. 11-24 sharp fall. Move above 86.00 mark resistance is likely to be followed by resistance at 50% Fib. retracement level near 87.30-40 zone. Sustained strength above 50% Fib. retracement level has the potential to boost the pair further towards testing a very important support break-point now turned important resistance near 89.40 level, also coinciding with 50-day SMA. Meanwhile on the downside, 23.6% Fib. retracement level near 84.60-50 area seems to have emerged as immediate support. Failure to hold this immediate support could possibly drag the pair back towards 82.00 round figure mark important support. Further, a decisive break below 82.00 mark support might now open room for extension of the weakening trend towards 61.8% Fib. expansion level support near 80.60-50 zone.
AUDCHF The pair continues holding a short-term ascending trend-line support and is making an attempt to conquer a previous strong support now turned immediate strong resistance, near 0.6940-50 area. The combination of ascending trend-line and horizontal resistance seems to constitute towards formation of an ascending triangle, thus increasing the possibilities of a further up-move once the pair manages to clear 0.6950 resistance. A clear strength above this strong resistance seems to trigger an immediate short-covering rally towards 0.7100 mark resistance, also coinciding with 50% Fib. retracement level of April to August down-leg. The recovery could further get extended towards 61.8% Fib. retracement level resistance near 0.7240-50 region. Alternatively, should the pair starts reversing from current resistance level, it might continue finding support at the ascending trend-line, currently near 0.6820-0.6800 region, also coinciding with 23.6% Fib. retracement level. Failure to hold this support would make the pair vulnerable to drop back towards recent closing lows support near 0.6650 level.
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