Weakness seen on , with on the verge of a crossover.
The pair has closed below 100-DMA on Monday with confirmation on Stochs rollover and slipping below 50.
We see scope for test of support at 1.0345.
Support levels - 1.0455 (sessionlow), 1.0424 (Jan 5 low), 1.0345 ( )
Resistance levels - 1.0497 ( 100-DMA ), 1.0508 (5-DMA), 1.0562 ( 200-DMA and cloud top)
Good to go short on ralies around 1.0490, SL: 1.0560, TP: 1.0455/ 1.04/ 1.0345.
AUD slumps on dismal Australia's core CPI print.
Book partial profits. Bias lower. Stay short for 1.0345.