Certainly blew away the dark clouds which have been hovering over AUD/USD in recent sessions, and sent EUR/AUD back off yesterday’s 1.2959 highs, but we’re really still largely range bound in a 1.0300-1.0600 spread for now with the 1.0600 barrier still intact and the 200 day MA at 1.0310 acting to support.
EUR/AUD still looks bid to me, but 1.3000/3030 (1.3028 high of 2012) looks a tough nut to crack at the moment. Offers now sit towards 1.2900 with bids below in the 1.2890/00 zone.
AUD’s around 1.0455 with the cross around 1.2855
