Just posted this in the comments – reproducing it here for AUD levels etc.:
Still good bids around 1.0440 and more on the way lower through 1.0400 and just below. Topside 1.0485/1.0505 offers are in – so its a bit trapped.
On the economic front the US figures are starting to swing disappointing again while Australia’s are picking up. So, on balance I’m looking for continued AUD strength. Have to take care each day to watch China too, of course – but expecting some stability there to improvement to begin to show.
These building approval figures are a bit of a key for today (though we might have to wait to get Kuroda and Draghi out of the way unfortunately) – if they come in strong we should try the topside again in AUD/USD, see if we can chew through the offers ahead of and around 1.0500
