Aussie bulls leave the building - UOB

Analysts at UOB Group explained that the rapid drop from the high of 0.7595 is a warning sign that the current bullish AUD phase may be close to an end.

Key Quotes:


"Those who are long should look to take partial profit on any attempt towards 0.7600. Stop-loss is adjusted higher to 0.7425 from 0.7400."

NZD/USD downside pressures exist below 200 4hr sma

NZD/USD is being punished on the back of commodities being pushed lower by the market again.
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GBP bulls bail ahead of key risk events - Scotiabank

Analysts at Scotiabank explained that GBP is underperforming as market participants position for risk ahead of Wednesday’s major events including domestic employment, the BoE policy decision and the delivery of Osborne’s budget.
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