UsdZar has had a cool-off period from the highs of 19.3 since April, however the level 16.28 has not yet been seen. We're at the support of an upward channel in which the pair has been consolidating, which would suggest a rally from this point. The short-term downtrend, (from the 10th of August peak) still has some influence, which could possibly lead the pair...
AudUsd has been trending upwards since the brutal sell-off in March. The level now being used as support, was a level of resistance which was violated about two-weeks back. This area would also be a third bounce on a medium-term trendline (15 May 2020). The 100-day moving average serves as conformation only, which suggests that the bulls aren't done quite yet....
