It's been a good session for the currencies from Down Under 13 July
A combo of US$ and euro selling has put a bid under the two currencies in Asia and now the European session.
AUDUSD up to highs of 0.7740 with NZDUSD outstripping it and posting 0.7344 from 0.7280 after being contained by some AUDNZD demand.
EURAUD down to 1.4731 from 1.4880 and EURNZD 1.5538 from 1.5684
Both pairs have more sell interest nearby at 0.7750 and 0.7350 but it will take a decent reversal of p/a action to prevent falls of much magnitude from here so expect dip demand into 0.7700-20 and 0.7300-20
Here's the graphics of the interaction in case some of you still don't get the impact of cross plays on other plays:
AUDNZD
AUDUSD
NZDUSD
EURNZD
EURAUD
