• Despite a big technical break yesterday, GBP/NZD failed to consolidate these gains and will close back near 2.0000;
  • As mentioned below, EUR/USD is threatening to form a significant top near 1.3625 (see chart);
  • AUD/USD has been trying to form an interim base near technical support at .9050/60.

Some of these crosses have had really good runs and if you’ve been clever enough to run long positions over the last few weeks, now might just be a good time to book at least some partial profits.