1.0250 is still acting as support – there has been a lot of talk about buyers there, and indeed they are. So far it hasn’t bounced – because there is still selling weighing on it. IF it can bounce 1.0265/75 is initial resistance, more sell orders at 1.0285/90.
On the downside there are bids layered below, with exporter buying notable. 1.0240 and again at 1.0220.
There is the NAB Business Survey due at 11.30am local time (0030GMT) – there will be a thinning of the order book ahead of and around this figure.
OK – so as I type the AUD has jumped a few points toward 1.0265. There are offers 65/75.