AUD/USD slips while EUR/JPY, USD/JPY weigh on support
AUD/USD slips while EUR/JPY, USD/JPY weigh on support amid global uncertainty regarding US tariffs.
AUD/USD dips further still
AUD/USD continues to retrace its recent advance and has slid below its 6 January high at $0.6302 to Thursday's $0.6286 low. If fallen through, the 55-day simple moving average (SMA) at $0.6262 would be next in line.
Minor resistance can be seen at the 20 February low at $0.6328 and the January peak at $0.6330.
EUR/JPY digs into support
EUR/JPY still hovers above Friday's ¥155.82 low, made between the December-to-February lows at ¥156.18-to-¥155.65. While this support zone holds, the early February low at ¥157.97 may be reached but could act as minor resistance, together with the ¥159.70 mid-January low.
Failure at ¥155.82 would likely engage the ¥155.00 region in the first instance.
USD/JPY holds at support
USD/JPY slide from the 55-day SMA at ¥154.70 has so far taken the cross briefly to ¥148.57, to below the ¥148.65 December low, before stabilising.
While these levels underpin, minor resistance at the ¥150.93 early February low may be revisited.
Failure at ¥148.57 would push the ¥147.21 September high to the fore.
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