Some early information for AUD/USD after it bounced very well indeed from 1.0350 yesterday.
- To the topside from here there are sellers clustered 1.0420/30 (basically matching last night’s highs) and again from 1.0440 to 50.
- Downside bids 1.0375/85 and layerd down to 1.0340/50 (yesterday’s support level)
Economic data of importance for AUD today includes the NAB Business Confidence and Conditions surveys, and of course the Chinese CPI/PPI releases. All are due at 0130 GMT (mini-preview here).