The very strong uptrend remains totally dominant but the Chinese RRR hike and light stop-loss selling in AUD/NZD means the AUD opens the trading week with a very mild bearish tone.
- Last weeks high at 1.0582 remains the topside target with reported barriers at 1.0600 behind there.
- Hourly support begins at 1.0500/10. The bears will need to get prices back below 1.0390 before the uptrend is endangered.