The AUD strength continues to surprise me. Time to get back to basics and look at the order flow and levels.
Topside:
- 1.0515/25 is a big level, with sell orders here and more through 1.0530. Continued selling interest higher. An interesting idea for a move that would cause much pain is a grind higher through these sellers,; just a slow chewing through the offers. It certainly seems as if the buying interest is around.
Downside:
- 1.0490 initial buying today
- 1.0465/75 is more buying, but stops below here.
- 1.0445/55 bids.
