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AUD/USD: Sellers step in, 0.9185-90 retested

FXStreet (Bali) - The antipodean currencies are being pressured in Asia, with the AUD/USD losing the $0.92 while the NZD/USD is also falling below 0.8250 area.

The recent breakout of 0.92 during the last NY session, which came for no apparent reason, coupled with the ongoing slide in iron ore futures in China, down 3.0% at one stage although price has recovered to currently be down around 1.3-5%.

Technically, Jim Langlands, Founder at FXCharts, notes: "The Aud has so far based at the 200 DMA (0.9185), but now that we have finally broken away from the 0.9260 pivot I suspect that there is a fair bit of downside potential – which will make the RBA happy. If 0.9185 give way, further strong support lies just underneath at 0.9175 (38.2% of 0.8660/ 0.9505), under here would see a potential freefall towards minor support at around 0.9135 and then to 0.9100..."

USD/JPY keeps finding plenty of buyers circa 106.00

USD/JPY is recovering off 106.00 level, presently at 106.24, following comments from the Japanese deputy economy minister, saying that weakening the yen is good for the Japanese economy, adding that while "the currency hit the 106 yen level today for the first time in a long time, I’m not worried at this level."
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AUD/USD has continued to weaken in Asia, with traders targeting stops below 0.+9180 accomplishing their goal, taking the rate to a new low of 0.9170.
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