The cross has tracked the EUR/USD with a sharp fall from 1.2711 to 1.2467 over the last day and a half, and has re- entered the Ichimoku cloud through 1.2488.
Support for the pair now lies down at the 55 day MA at 1.2463 (also Dec 18 lows) ahead of the 100/200 day MA’s at 1.2420/1.2416. A break and close through here will turn the recent trend and target the cloud base at 1.2352.
AUD/USD’s holding firm but faces some decent offers in the 1.0510/20 zone now from real money accounts as well as possible RBA commercial interests, ahead of larger supply towards 1.0550
AUD/USD sits around 1.0504 with the EUR/AUD around 1.2478
