EUR/USD, GBP/USD weigh on key support while AUD/USD hovers above it
EUR/USD remains under pressure
EUR/USD slid to the $1.07 mark on Thursday which, together with the $1.0694 February low remains in sight and represents major support. Were it to give way on a daily chart closing basis, a longer-term bearish signal would be triggered.
Minor resistance remains to be seen at Friday's $1.0791 low.
GBP/USD still under pressure
GBP/USD weighs on the key $1.252 to $1.25 support zone, a fall through which would have bearish implications.
Minor resistance is seen along the 200-day simple moving average (SMA) at $1.2582.
AUD/USD hovers above support
AUD/USD found support above Wednesday's $0.6499 low below which lies the $0.6481 to $0.6478 zone.
For now the 55- to 200-day SMA at $0.6541 to $0.6544 act as resistance. Further up sits the $0.6559 late-March high.
