The faith of AUD should soon be decided. A break below strong support at 97.16 will confirm that we saw an important top at 110.80 and the end of wave C of the second zig-zag. A break below 97.16 could spark a sever downturn towards the 81 - 83 area where the next serious support is found. Longer term I looking for a decline towards the 64 area.
Short term I would expect resistance at 103.52 to protect the upside for a break below 103 and more importantly 101.08, which confirms the test of strong support at 97.16.
NZD has had a tremendous rally since March 2009, but the latest price action does show, that the previous trend has ended and a return to the Pitchfork mid-line near 68 is under way, but we could even see a move to the lower Pitchfork line near 52. First serious support is at 77.50, but is should just be a question of time before it's broken.
Short term resistance is found in the 84 - 85 area and should protect the upside for a break below 79.59 confirming the test of 77.50.
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