AUD/USD and EUR/USD inch lower as traders await key data releases next week. Mixed sentiment across major currencies as China and eurozone inflation figures take center stage. Risk appetite weighs on major currencies ahead of economic data from China and the eurozone.

Australian Dollar:

• The Aussie’s rally pauses as China PMI looms, but risk-on mood remains supportive.
• AUD/USD eyes key data from China’s economy for direction next week.
• Australian dollar on track for third straight winning week, buoyed by risk appetite and upcoming Chinese PMIs.

Euro:

• Euro edges lower ahead of Spanish inflation, eyes ECB’s next move.
• Spain’s CPI in focus as euro awaits further clues on ECB’s policy path.
• Eurozone inflation data next week could determine the pace of future rate cuts.

Technicals Analysis:

• AUD/USD: Faces resistance at 0.6853 and 0.6906, support at 0.6772 and 0.6719.
• EUR/USD: Tested resistance at 1.1086, faces further at 1.1144, support at 1.1050 and 1.0992.