All i’ve heard is big sell orders this morning and lots of left hand side interest for fixings, but the Ozz doesn’t really want to go down (not just yet anyway). Aussie exporters and Asian reserve names are apparently lying in wait with bids down in the 1.0640/50 area which also holds the 100 day MA.
Support under here is at 1.0620/25 with the 55 day MA around 1.0622
Heard stops are now upstairs on a break of Tuesday’s NY high of $1.0721, and some technical resistance at the top of the Ichimoku cloud at 1.0776. Either way think we will have to be patient until the Chicago PMI and US ADP data releases this afternoon.
Ozzie’s around 1.0680
