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AUD/USD: Further gains need to clear 0.6460
AUD/USD reversed three consecutive daily pullbacks in quite auspicious start to the week, regaining the 0.6400 barrier and putting its critical 200-day SMA near 0.6460 to the test on the back of the intense and renewed selling bias hurting the US Dollar.
EUR/USD: Minor support comes at 1.1060
EUR/USD climbed to the 1.1290 region at one point on Monday, though it later gave back part of those gains as the Greenback attempted to recover from its sharp decline, with investors continuing to digest Moody’s downgrade of the US credit rating on Friday.
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China April slowdown shows the impact of economic uncertainty
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