FXstreet.com (London) - Kiwi and Aussie both broke their ranges and retreated to the downside midway through the Asian session today.

Kiwi moved down around 30 pips against the Dollar to currently trade at 0.7213, breaking through our earlier reported primary support zone of 0.7220. We see next support zone as 0.7185, a consolidation level from Kiwis bullish run last week (Dec 9).

Gold has been fairly flat this session, so any AUD moves will be purely technical from the USD side. Aussie fell around 20 pips, to currently trade at 0.9056.

Kshitji Consultancy see R1 and R2 at 0.9100 and 0.9280 in the case of a reversal, and if the downside continues, S1 and S2 lie at 0.9030 and 0.8980. For further analysis and commentary on the outlook for AUD/USD, we highly recommend this report.