Falls toward the 100 hour MAThe weaker Australian CPI has slowed the AUDNZD down a bit.
Looking at the hourly chart, the pair has moved down toward the 100 hour MA at 1.1206. A move below could see more selling momentum. The low yesterday did extend to 1.1637 before moving to a new high (and highest level since March 2016). ‘
For the AUDJPY, it cracked below the 200 hour MA and the 50% at 88.156 on the hourly chart. The pair is now testing the 61.8% retracement level at 87.94.
Looking at the daily chart, the AUDJPY is approaching trend line at 87.88. A move below the trend line will look toward the 87.56. That is the 50% of the move down from the 2014 high. The 100 day MA is at 87.149. Key level to target and near the October low of 87.24 (doable target).