AUD/USD probes key resistance while EUR/USD, GBP/USD advance ahead of US CPI print
AUD/USD probes key resistance while EUR/USD, GBP/USD advance ahead of closely followed US CPI release.
AUD/USD probes key resistance
AUD/USD digs into the $0.6644 to $0.6667 key resistance zone. A rise above $0.6667 would target the $0.685 region.
Immediate upside pressure should be maintained while Tuesday's low at $0.658 underpins on a daily chart closing basis.
EUR/USD nears downtrend line
EUR/USD nears the $1.0832 tentative downtrend line, a daily chart close above which would put the April high at $1.0885 on the cards.
Potential slips may find support along the 200- and 55-day simple moving averages (SMAs) at $1.0790-89.
GBP/USD continues its ascent
GBP/USD has broken through the March-to-May tentative downtrend line at $1.2582 and tests the 55-day SMA at $1.2598. Further up beckons the early May peak at $1.2635.
The currency pair remains bullish while above its $1.2466 early May low.
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