EUR/AUD reverses course and breaks above 1.25 on Euro strength

More pictures at http://daily20pips.blogspot.com/2013/01/klaudia-el-dursi-is-stunning-hot-beyond.htmlEUR/AUD made a big reversal on Thursday, bottoming at 1-month lows 1.2357 in early London trade, and now is currently trading at nearly weekly highs 1.2528 last. The cross had found temporary support around the 200 day SMA last at 1.2409 in past few days, but breaking below it yesterday following unexpectedly good China trade balance figures. 
It was during early London that EUR/AUD stabilized and once ECB came in with rates unchanged at the meeting and following press conference, that EUR/USD shot up and EUR/AUD followed thru, adding +0.34% of gains so far for the week. Later on, China CPI and PPI y/y at 01:30 GMT will be biggest risk event for the Asia-Pacific session this last trading day in the region, expected to be the former above 2%. 
Immediate resistance to the upside for EUR/AUD shows at current levels as Tuesday highs 1.2530, followed by Dec 20 lows at 1.2590, and Dec 28 lows at 1.2675. To the downside, closest support lies at Jan 03 lows 1.2441, followed by Monday's lows/200 day SMA at 1.2406/9, and yesterday's fresh 1-month lows at 1.2357.