It looks like both currency pairs may have survived the recent selling pressure . The AUD/USD picked up good buying ahead of the 200-day MA at 1.0311 , but continued talk of falling iron ore prices and weak Asian equities will keep any rally contained . The 1.0350 remains a big hurdle to jump . Really surprised the NZD/USD rebounded from the lows of 0.7993 after hearing of “huge” stops building below the 0.8000 level . This of course could be (more than likely is) the calm before the storm and we test lower levels .
