AUDUSD is holding at its lows for now. It may do some work down here between 20-40 before the next direction is determined. We have the 100 hour MA coming in at 7987 so any dip under 80c will be bought into. If we can get a clean break under 8015 then prepare to buy 7980-90 area. For those who are short from 8070 this morning, look to take profit here and re-sell any move back above 8060.
AUDJPY came off its highs near 77.00 to settle here at 76.50 area, partly due to the the softer than expected Japanese Industrial production number and the repeated story that China may stop buying metals for its strategic reserves.
