The same two dealers were 100% spot-on yesterday with their view that the AUD/USD would be pressured intraday, and they are of a similar opinion today. Support is seen in the form of buying interest around 1.0025/30 and that is expected to hold initially but any rallies back towards 1.0120 will meet with grateful selling. Overall, sellers still seem to outweigh buyers.
The local sharemarket has opened 1% lower. Business confidence and housing starts data due out in about an hour.
