AUD/USD flirts with the 1.0500 barrier

Spiked up to a day’s and 4 month high of 1.0498, but so far option related offers, and bids in EUR/USD around 1.1700, are keeping the barrier intact.

There’s some buy stops on a break of the barrier, but AUD’s since backed off to 1.0490. The cross however remains under pressure

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