EUR/AUD is nearing the recent highs of last week and a break now through the 1.1770/75 area will likely create a momentum move back up to highs at the end of July around 1.1856.
AUD/USD’s looking a bit precarious just above 1.0500 with decent sell stops apparently lurking down below on a break of 1.0495. There’s some tech support around the 1.0450/60 level which includes the 20 day MA (1.0460), but more sell stops sit down through 1.0445 ahead of the next tech support (July 27 lows 1.0384) and rising trendline support around 1.0380/85 (from June 1 lows). Offers remain in the 1.0525/35 zone ahead of raft of larger sell orders sitting from 1.0570 up to 1.0600.
AUD/USD’s currently around 1.0516 with the cross around 1.1760
