Australian Dollar Price Action Setups: AUD/USD, AUD/JPY, AUD/NZD
2021-02-24 03:00:00
Daniel Moss,
Analyst
Australian Dollar, AUD/USD, AUD/JPY, AUD/NZD, Time-Cycle Analysis – Talking Points:
Long-term cycle analysis suggests a cyclical upturn is at hand for AUD/USD.
Swelling bullish momentum hints at further gains for AUD/JPY.
AUD/NZD at risk of extended losses as price carves out a Double Top reversal pattern.
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The Australian Dollar looks poised to continue outperforming the haven-associated US Dollar and Japanese Yen in the coming weeks. However, the New Zealand Dollar may claw back lost ground against its trans-Tasman counterpart. Here are the key levels to watch for AUD/USD, AUD/JPY and AUD/NZD rates.