That 1.1850/60 level is proving pretty resilient now as the cross takes brunt of the EUR/USD slide triggered by the BUBA, Fin Min spokesman and ECB comments.

EUR/AUD’s at day’s lows around 1.1777 with next support seen down around 1.1740 (Friday’s lows). Through here and better support around 1.1680/85 comes into play. Resistance at 1.1830/35 (European session highs) should now cap any bounce ahead of the pivotal 1.1856 high of July 27.

AUD/USD’s has eased back to session lows around 1.0443 from earlier highs of 1.0469.