AUD/USD Buoyed by Cross; Biased Up if 0.8663 Support Holds

        0038 GMT [Dow Jones] The Australian dollar is likely to consolidate with risks skewed to the upside against the greenback Friday as long as the currency pair stays above Wednesday's low of 0.8663. The antipodean currency is supported by Aussie demand on bullish AUD/JPY cross amid weak yen sentiment, buoyant AUD/CAD cross amid falling oil prices, and on soft GBP/AUD cross. Daily chart is positive-biased as MACD and slow stochastic indicators are bullish, while a bullish parabolic stop-and-reverse signal was hit Thursday. Resistance is at 0.8764 (Thursday's high); a breach would expose upside to 0.8850 (Oct. 31 high)). Support is at 0.8670-0.8663 band (Thursday's low-Wednesday's low); a breach would temper the positive near-term view, exposing downside to 0.8588 (Tuesday's low). Spot AUD/USD is at 0.8697. (jerry.tan@wsj.com)
        (END) Dow Jones Newswires
        November 13, 2014 19:38 ET (00:38 GMT)