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AUD/NZD gaining upside traction

AUD/NZD declines over recent weeks appear to have been temporarily stalled in the face of a bullish development.

The MACD line is tracing higher lows, when compared to recent sessions. Meanwhile, the meandering of the price structure is carving lower lows, which should give strong indication that we have seen the bottom on this pair for the time being.

AUD/USD awaits FOMC minutes - Scotiabank

Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained conditions surrounding AUD/USD.
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USD/JPY largely unchanged after Fed minutes

The USD/JPY pair dipped slightly to 119.70 after Fed minutes showed policymakers want to wait for clarity on the outlook before moving rates.
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