The Aussie made a low at 0.7592 and reacted firmly to suggest more upward action today.Expect a rise back to 0.7650 initially and later back to near the high of 0.7683.I do not expect an immediate break to new highs.More likely a consolidation is developing that will see Aussie testing 0.7590 again.Eventually the rally should resume and challenge 0.7790.However, a firm drop from around 0.7650 today will be a warning that more downward action is possible.A subsequent break of 0.7590 will allow a test of the 0.7550/65 zone and possibly of 0.7515.Only a break of 0.7515 will confirm that a new decline is starting.
Kiwi hit 0.6235 and then turned downwards to close near the low of the day, pointing to a return to 0.6140 and possibly of a new decline towards 0.6060.
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