- Initial short-term support at 1.0420, getting stronger near 1.0360/80.
- Resistance clear at 1.0500 barrier level.
- Asian real-money funds selling EUR/AUD.
- EUR/AUD technical target at 1.2160.
- Risk sentiment weighing on AUD/USD and AUD/JPY (still in well-established 97.25/100 range).
If risk sentiment turns sour in Asia then we could see levels back below 1.0400. But, EUR/AUD is the main play so I prefer to buy any dips in AUD/USD to 1.0360 looking for 1.0500 again.