Nothing much has changed since the short piece I wrote yesterday morning, with further range trading between 1.0600 and 1.0800 likely for the next few sessions.
The RBA were much more dovish than had been expected and the market is not expecting any rate rise before August (if at all). This weighed on the AUD component but Bernanke failed to inspire any confidence in the USD meaning that the AUD/USD is unchanged from yesterday.