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AUD/NZD in a tight range above 1.0985

FXStreet (Bali) - AUD/NZD is trading buffeted in a tight range amid the absence of Asian events acting as catalyst for the pair, with 1.0985 providing near term support, while 1.0110/15 is immediate resistance.

The pair has been recovering off 1.0940/50 key support - broader context of 1.09-1.13 perceived - with the need to establish above 1.1020 now in order to orient technicals towards a more bullish stance for a potential 1.1050 target ahead of 1.1090/1.11. On the downside, a break below 1.0970 would expose 1.0950 ahead of 1.0940 and 1.09.

Stay with the trend – TD Securities

Analysts at TD Securities see no heavy barriers for the USD/JPY pair till the 124 area, and suggest to stay with the trend.
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AUD should be trading lower - ANZ

The ANZ Research Team targets $0.80 for the AUD in the long term as they view AUD to be overvalued currently.
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