No strong comments on the currency gives the aussie a licence to run higher
Now that Lowe has finished harping on, and is now probably digging into his dinner, AUDUSD has run higher towards yesterday's highs at 0.7661.
AUDUSD 30m chart
The removal of jawboning risk seems to be just part of the picture as the commodity bloc is seeing some strength across the board. USDCAD is down a swift 30 odd pips in the last few minutes, and cable has hit a new high up at 1.2582. There's a lot of green on the screens if you check commods and oil is one of them.
Overall we're still not breaking any major intraday ranges just yet but it's all relevant.
AUDUSD is still working the 0.7600/0.7700 range I highlighted before the RBA meeting, and most of the levels in that are still valid today.
