AUD/CAD ââ,¬â€œ AUD/CAD has spent that past week trading [primarily between .8500 (4/25 high) and .8390 (4/20 and 4/21 lows).  Yesterday, the pair traded off of a long term trendline at .8500 dating to May 2005.  Daily oscillators are neutral / slightly bearish with 14 day stochastic declining below 80 and MACD histogram declining two day sin a row.  The hourly shows that the pair is trading in an ascending triangle with the upper flat line at 85.00 and the ascending supporting line at around .8415.  A break below the short term trendline targets the 4/20 low at .8387.  Strength above the upper flat line at .8500 exposes the 3/9 high at .8551.

AUD/JPY ââ,¬â€œ AUD/JPY is trading within a slightly downward sloping channel dating to mid December.  The pair has retraced some its rapid decline from Monday and sits right at its 50 day SMA.  A negative MACD cross currently in progress on the daily favors a resumption of Mondayââ,¬â"¢s weakness to yesterdayââ,¬â"¢s low of 85.00 with a break below exposing the 61.8% fibo of 82.08-87.82 at 84.28.  Resistance is just above the current price at the confluence of the 200 day SMA / 38.2% fibo of 87.82-85.00 at 86.08/14.

AUD/NZD ââ,¬â€œ Since correcting from the 1.2015 high made on 4/11, AUD/NZD has ranged and held up at the 23.6% fibo of 1.0819-1.2015 at 1.1739.  At the moment, the pair trades along the confluence of its 10 and 20 day SMA are at 1.1810/20 which is initial support.  Hourly oscillators are bullish as evidenced by a positive MACD cross near 0 and an increasing RSI.  Resistance is at yesterdayââ,¬â"¢s high of 1.1958 with a break above exposing the 4/11 high at 1.2015.

Jamie Saettele is a Technical Currency Analyst for FXCM.