Our man down under called it right earlier when he said that AUDUSD looked like it might finally pop back over 0.7800 after chewing through decent offfers that have held previous attempts lately
But it's proved a short-lived rally so far having run into more offers at 0.7810 and now retreating to 0.7794
Yesterday's move to record lows on AUDNZD at 1.0330 was helped by the AUDUSD offers between 0.7780-0.7800 and so its proved again as AUDNZD finds itself heading lower again at 1.0365 from 1.0380 after rallying from 1.0339 and lifting AUDUSD through 0.7800 with it
One pair naturally enough pulling around the other.
One risk event to bear in mind today is the GDT auction starting at 12.00 GMT. Last time out on Feb 3 we saw a rise of +9.4%
