Aud Crosses

Quick look at the Aussie crosses -

EurAud - 4 Hourly Chart

Bullish with upside target at 1.2727. Ideally we need a break and close above 1.2500 to improve the upward momentum with initial target at 1.2588. A break below support at 1.2350 invalidates the pattern and would target the daily support at 1.2200.

Update - Pattern remains valid 

GbpAud - 4 Hourly Chart

Daily chart remains bullish with a strong close above the 68 Ema with initial target of 1.5070.
4 Hourly chart however has now completed the current AB=CD formation at 1.5014 and we should now look for a retracement to follow back toward the 1.4870/1.4919 zone before resuming its upward climb. Any further push higher should be capped at channel resistence at 1.5058.

Update - Indeed we did get the retracement expected. Presently the retrace has bounced from  just shy of the 61.8 Fib at 1.4870 but whilst we remain below 1.4927 cannot rule out a further move lower to the 200 Ema and channel bottom toward 1.4845 before we resume the upward climb.

AudCad - Daily Chart

The decline continues after breaking support at 1.0476 and now closing below the daily 200 Sma. Ideally the target would be at 1.0226 inbetween the 78.6/88.6 fib retracements. At this point only a break back above previous support now turned resistance would invalidate the current pattern.

Update - The pattern remains valid although the move has been somewhat sidelined with the inability to close below the 200 Sma. A move through resistance at 1.0491 would immediately target the 89 Ema.