AUD/USD is said to have large stops building at 0.9180 with light bids at 0.9170
Real money seller are said to be on top in EUR/USD with macro offers up at 1.3260/70.
Speculative buyers are now moving up nearer 1.3200
Commerzbank says that German corporates don’t see the EUR/USD rally lasting with 70% seeing it lower in the next 3 months. Say exporters may not be looking to hedge a stronger euro right now.
While with Commerzbank they see NZD/USD continuing to be bearish while it holds under the June high of 0.8139 and the 200 dma at 0.8232. They see the recent rally topping at 0.8063 (38.2 fib of 0.8676- 0.7684 April/June hi/lo) near term
