We have seen EUR/USD consolidating around the 1.1200 level with a break higher likely to meet resistance around 1.1275 – recent highs and September ’16 highs. Beyond this look for 1.1375.
AUD/USD is looking for a break down to the 38.2% retracement of the sell-off form late last year at 0.7390, followed by a move to recent lows at 0.7340.
This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice