EUR/USD, GBP/USD weigh on key support while AUD/USD hovers above it
EUR/USD, GBP/USD weigh on key support while AUD/USD stabilizes above it ahead of the weekend.
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.
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