AUD/CAD - The Aussie managed to trade off of the 4 year lows made at .8142 on 6/13 against the Loonie before being rejected at the 10 day SMA on Tuesday at .8305.  That failure along with hourly RSI back on the decline favors a test of the low at .8142 - which is also the 78.6% fibo of the .7503-1.0544 April 2001-February 2004 bull wave.  A push below would expose the next measured objective at the 161.8% extension of .9855-.9009 at .8039.  A bounce encounters resistance at yesterday's high of .8305.

AUD/JPY - AUD/JPY has traded down, but in a choppy fashion, to 84.50.  The price action has caused positive divergence with RSI on at support (from 6/14 low) on the hourly, giving scope to a rally in the near future.  However, a break of support at today's low / 6/14 low at 84.52 targets the 61.8% fibo of 73.46-85.66 at 84.30.  Daily moving averages offer a bearish bias with the pair just recently trading back below both the 10 and 20 day SMAs.

AUD/NZD- AUD/NZD has consolidated losses from 1.2423 a made a triple top on the hourly.  The daily shows a head and shoulders reversal pattern with the left shoulder at the 4/11 high of 1.2015 and the right shoulder a bit lower at the upper end of the mentioned channel at recent daily highs of 1.1990 (5/26) and 1.1984 (6/2).  The 6/7 low of 1.1765 is initial support and the point to reference for a break to the downside.  Reinforcing a bearish outlook is a negative 20, 50 SMA cross on the daily yesterday.  The previous cross was a positive back on 12/27/05 at 1.0782.

Jamie Saettele is a Technical Currency Analyst for FXCM.