AUD/JPY and EUR/AUD are both helping to keep yesterday’s rally off trendline support at 1.0475 intact.
AUD/JPY’s getting boosted by USD/JPY, which is seeing relentless demand from custodial, model funds and M&A related buying, despite some reported selling from an Asian sovereign.
EUR/AUD’s on the slide again after failing again towards 1.2550 yesterday in NY, with the drop extending down to 1.2469 earlier.
AUD/USD’s now got some heavy offers in the 1.0560/65 from option names. Stops now sit on a break higher through 1.0580.
Downside interest has bids 1.0510/15 and then tech trendline support at 1.0475 which held perfectly yesterday. Below there are barriers at 1.0450, 1.0425 and 1.0400 with the 200/100 day MA ‘s coming in at 1.0405/1.0372