AUD/USD revisits support while EUR/USD consolidates and USD/JPY probes upside
AUD/USD revisits support while EUR/USD consolidates and USD/JPY probes upside amid Fed ‘rates higher for longer’ talk.
AUD/USD probes support
AUD/USD weighs on its previous key resistance - now because of inverse polarity support zone - at $0.666 to $0.664, just as it did last week when it bounced off it. While it holds on a daily chart closing basis, last week's high at $0.67 remains in sight and, above it, the $0.68 area.
EUR/USD rally stalls
EUR/USD struggles to overcome last week's high at $1.08, above which still beckons the March peak at $1.09. Upside pressure will retain the stronger hand while Friday's low at $1.08 underpins. Further minor support can be seen along the breached downtrend line at $1.08.
USD/JPY pushes upwards
USD/JPY gradual advance towards last week's high at ¥156.78 remains on track. Above ¥156.78 beckons the ¥158.00 region while ¥153.61 underpins. Below it meanders the 55-day simple moving average (SMA) at ¥152.86.
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