• The bulls have tried to step in at a critical level of support.
  • AUD/NZD could be pressured here, taking into account AUD/USD. 

AUD/NZD has tried to move lower and AUD/USD has continued lower as follows:

The move is strong and there appears to be no catalyst although USDCNH is on the move higher today. Nevertheless, there is room for more downside in AUD/USD towards the daily lows. This should weigh on the cross and a break of the dynamic support would be expected to result in a downside correction:

AUD/NZD H1 chart