Still well bid in both sterling and the euro while the dollar makes a recovery against the yen hitting mid 97.50’s from the 97 low.
AUD/USD also jumped on board the rally pushing 1.0385 and triggering my short order. Lovely.
The Aussie has pushed above the 55 dma at 1.0344 and the 100 wma at 1.0354 and will be eyeing a weekly close to continue higher.
Above here we have the 100 & 200 dma converging at 1.0395 ahead of strong selling at 1.0400. The upside still looks like it will be hard going but we know how resilient this pair can be sometimes.
