AUD has been stronger than major currencies, USD, EUR, GBP or JPY for last one week. NZD has been stronger as well as AUD.The trend & momentum in AUDUSD shows that it will be turned into downward trend in a coming week. Unless particular news or surprise are coming up early next week, AUDUSD and cross-AUD FX can be adjusted, following to the indicators.
However, GBP, EUR and JPY would be still weaker than other major currencies due to their monetary policies. It means that the strength of trend reversal in GBPAUD, EURAUD and AUDJPY will be limited, comparing with AUDUSD.
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