Euro a fair way off a one-month peak of A$1.2544 struck on Monday. Five- and 10-day MA pointing south suggest upward momentum losing steam. Key support found around A$1.2300, the 61.8 pct retracement of the November-December climb. Against the kiwi, euro at NZ$1.5588, after skidding 1.2 pct to a three-week low of NZ$1.5545. Euro on track to post a loss of 1.6 pct since Monday, its largest weekly decline in 5 months.
Aussie firm at $1.0477, from $1.0476 early, having been as far as $1.0515 overnight, its highest since September 21. It also scaled an eight-month high around 86.55 yen . Last at 86.45, showing a solid gain of 7 yen since October. Australian currency still buoyed by a surprising fall in the nation's jobless rate, suggesting slightly less urgency for further rate cuts after the central bank eased by 25bp this week.
Data out on Friday showed Australia's trade deficit at A$2 billion, roughly in line with forecasts. Traders cite bids ahead of $1.0450 with sellers ahead of an option barrier at $1.0525. Tech support seen at $1.0443, the 61.8 pct retracement of the Aussie's September-October sell-off. A break above long-term trendline of $1.0545 would be a bullish sign.