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AUD/USD limited by 0.9280-9300 supply

FXStreet (Bali) - The AUD/USD failed to break above 0.9280-9300 supply zone during Monday, with the accumulation of offers leading to a small retreat towards 0.9255 before stabilizing at 0.9260.

Fundamentally, Peter Fell, Analyst at FXBeat, notes: "Home Prices at 01:30 GMT should not raise any eyebrows either, at the same time, NAB business conditions and confidence are gaining more importance and could provide a spark or two of entertainment."

Orders wise, Peter adds: "Sell orders are reported at 9290/00, with local buy orders at 9240/50. Resistance seen at 9328, 38.2% fibo 9471 / 9239 fall, Immediate support is seen at 9239 (8th Aug low), 9230 (June 3rd low), then 9200/15 area looks significant support with a series of lows and option protection ahead of 92 barrier."

NZD/JPY waiting for Yen to weaken; tgt 86.0

NZD/JPY remains to the downside on the daily chart despite the hourly progression higher and consolidation phase with a slow and range bound USD/JPY.
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