We are sitting just shy of short-term resistance area at present up around the 1.0415/25 level. A peek at the charts shows an initial support zone around 1.0380/90.
Outside of these initial levels there is selling 1.0430/40 and up through 1.0465/75. On the downside 1.0355/65 is buying but with stops below.
There is a lot of focus on the EUR/AUD cross, understandably so given its run. It is consolidating after its big break and should see bids on dips. Initial support 1.2880/85 with resistance above 1.2940. Watch for price action around these levels particularly – there is often opportunity in the AUD/USD as well as the cross at active levels.
