Fitch’s “negative watch ” on 4 Australian banks is adding pressure this morning along with some strong profit taking on EUR/AUD and GBP/AUD.
EUR/USD’s not helping either with strong sales on the back of French banks stocks getting hit.
AUD/USD just off the day’s lows (1.0534) and heading for bids at 1.0500/10. Tech support is seen towards 1.0459 (200 day MA) ahead of sell stops lying below through 1.0450
EUR/AUD just off recent highs around 1.2475, with a break through 1.2480/00 likely to spark a stronger reaction higher..
