The Australian and New Zealand dollars grudgingly gave ground to the greenback on Friday as upbeat US data lifted the US currency across the board, but they remained buoyant on the euro amid fresh bank worries in Europe. The Aussie was stuck at $1.0251 in thin trading, having slipped 1 percent to an overnight low of $1.0232. It is now back to where it ended last week, having run into profit-taking at highs around $1.0386.
Key support is found at $1.0185, the 38.2 Fibo of the $0.9862/$1.0387 move and the 100-day moving average. Resistance is seen at $1.0300. The NZ dollar hovered around $0.7814, having followed a similar path to the Aussie, down nearly one percent offshore to a low of $0.7794. The Aussie also gained on the Swissy at 0.9761 Swiss francs , having scaled a fresh 11-month high of 0.9788 offshore. It has gained nearly 2 percept this week as investors pile on economies that seem sheltered from the euro storm.
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