AUDUSDNZDUSD are really messed up, with current circumstances and data. Future isn’t really bright for them. All eyes on US and China. Chinese economy may be doing well but not as usual, 1st thing weighting on them. US coming president Trump with all policies in view will make the situation worse (not at the point to put China definitely in trouble) but the will be some drop. RBA and RBNZ has less to do here… a hawkish tone will just make prices to hold at current level.
So recovery or not we should be common with such levels until attention drops.
AUDUSD Yen intervention will have no effect on this pair as they are not correlated, if some of you believe that. Let it settle first, festive season has lower trading volume so swings are common. Nothing new has come so far for AUD to turn bullish, so the negative trend continues for some time.