EUR/USD, AUD/USD slip while GBP/USD stabilizes
EUR/USD, AUD/USD slip while GBP/USD stabilizes following hawkish Fed member Waller comments.
EUR/USD remains under pressure
EUR/USD slid below not just its 55-day simple moving averages (SMA) at $1.0843 but also its 200-day SMA at $1.0836, following Tuesday's brief rally to $1.0864.
Key short-term support between the late February and current March lows at $1.0802 to $1.0797 remains in sight, a drop through which would target the $1.0724 to $1.0695 region.
AUD/USD nears support
AUD/USD once more probes its February-to-March uptrend line, having been rejected by the 55-day SMA, now at $0.6553, on Tuesday.
A fall through recent lows and last week's $0.6504 trough would put the February low at $0.6443 on the cards. This level will remain in play as long as no bullish reversal above last week's $0.6634 high is seen.
GBP/USD still under pressure
GBP/USD still has the 200-day SMA at $1.2588 in view. Below it lies last week's low at $1.2576. Further down sits key support between the December-to-February lows at $1.2519 to $1.25 which remains in focus.
Resistance above Tuesday's $1.2668 high is seen along the 55-day SMA at $1.2679.
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