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Forex pairs in this Article » AUD/USD (Barcelona) - The Aussie dollar is extending last week's upside, challenging to breach the key support at 1.0400 on Monday, as buying interest in EURAUD - due to better prospects in the euro area - and risk aversion are plotting against any upside attempt in the cross.

Ahead in the day, the CB Leading indicator is due for November and the NAB Business Confidence/Conditions during December.

The cross is now down 0.09% at 1.0406 and a break below 1.0395 (low Jan.4) would aim for 1.0380 (Lower Bollinger) and then 1.0375 (Low Jan.2).
On the flip side, resistance levels line up at 1.0445 (hourly high Jan.25) ahead of 1.0464 (MA55d) and finally 1.0466 (daily cloud top).
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