FXstreet.com (Barcelona) - The selling pressure experienced overnight couldn’t breach the key support of 1.0300 on Friday so far, although sentiment surrounding the AUD remains subdued.
Late upside in the cross has been propped up by stronger-than-expected inflation figures in the Australian economy during the third quarter, but the impulse has stalled in the boundaries of the key 1.0400, retracing those profits to almost 1.0300 earlier on this morning.
The cross is losing 0.18% at 1.0328 as of writing.
Next support levels lie at 1.0310 (hourly high/low Oct.24) ahead of 1.0290 (MA21d) and then 1.0260 (low Oct.24).
On the upside, a break above 1.0370 (hourly high/lows Oct.25) would clear the way to 1.0395 (high Oct.25) and finally 1.0412 (high Oct.18).
Late upside in the cross has been propped up by stronger-than-expected inflation figures in the Australian economy during the third quarter, but the impulse has stalled in the boundaries of the key 1.0400, retracing those profits to almost 1.0300 earlier on this morning.
The cross is losing 0.18% at 1.0328 as of writing.
Next support levels lie at 1.0310 (hourly high/low Oct.24) ahead of 1.0290 (MA21d) and then 1.0260 (low Oct.24).
On the upside, a break above 1.0370 (hourly high/lows Oct.25) would clear the way to 1.0395 (high Oct.25) and finally 1.0412 (high Oct.18).
