China buys AUD/USD

In recent trade. (well off the lows to be more specific)

We’re up at 1.0545 from earlier session low of 1.0507. Talk of sell stops just below the psychological 1.0500 level.

If they’ve been buying AUD/USD, then it’s a good bet they’ve also been in buying EUR/USD as well, although I don’t as yet have confirmation of such.

EUR/USD has recovered its poise after the early swoon, presently back at 1.4138 in choppy trade. Talk of sell orders clustered up at 1.4150/60. I’d hazard a guess some trailing buy stops just above there.

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