Markets are thin so it doesn’t take much to get them to move, and after what we’ve seen in Asia this week, 30 pips does seem like a move. The NZD buying is ongoing, now 35 pips higher against the USD, and this is dragging the AUD with it.
I haven’t heard any Aussie flows/orders yet but it loooks like short-term support might be building at .9900 with resistance at .9990.
