AUD/USD is in familiar territory here. A little lower dealers report bids 1.0175/1.0180/1.0185 that were strong all least week. Asian central bank interest.
More bids 1.0140/50.
To the topside we’ve got initial resistance 1.0235/45, again at 1.0250/60 and layers of sells up to 1.0275/85.
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There’s data out today (previews coming):
- TD/MI Inflation data
- Building Approvals
- ANZ Job Ads
The futures are pricing a chance of an RBA rate cut tomorrow at 16% now.