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AUD/NZD has been sidelined

From a technical perspective the outlook for AUD/NZD is probably no worse than neutral.

The alignment of the 50-200-800 simple moving averages, on the 1hr chart does not show a clear trend in existence, nor the below 30 ADX at the moment is a sign of a constructive price structure. The prospect for the building of triangles, rectangles, and pennants looks to be quite realistic. Traders may opt to capitalise on such chartist patterns and their price projections.

AUD/JPY struggles to extend gains beyond 87

The AUD/JPY cross reverses a spike to highs and now retreats below 87 handle, as markets continue to digest the latest RBA Statement of Monetary Policy (SoMP), which turned out to be mixed.
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USD/SGD sticking to tight trading ranges

USD/SGD sticking to tight trading ranges
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