AUDUSD waiting for direction
The Australian dollar remains indecisive as its choppy consolidation phase continues. The pair has found a steady ground above 0.6450 as price action broke the previous resistance. The psychological level of 0.6500 is the immediate resistance, and its confirmed breach would bring prices towards the recent swing high at 0.6630. Otherwise, a fall below 0.6440 at the previous double bottom would trigger a new round of sell-off towards 0.6380.
XAUUSD holding ground
Gold trades slightly lower as prices gear up for another charge at fresh highs. A failure to hold above 4300 put the bulls on the defensive as the precious metal continues to look for the next signal. 4215 at the base of the latest drop is a firm threshold to see if buying interests will continue, and bulls will need to clear 4250 to regain control. Further down, 4170 is a critical floor to keep bullion steady.
UK 100 grinds support
The FTSE continues grinding higher after firmly moving away from the 9300 area. On the chart, the price remains bullish with the 100-point jump, as bulls prepare themselves for a possible test at the latest peak of 9500. A rise above this specified zone would indicate an interest in putting the index back on track. On the flip side, stiff selling could be expected from profit-taking, with 9320 as the first support to prevent a deep reversal.
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