Market settling down, AUD staying heavy

AUD/USD is perched just above 1.0200 with profit taking bids holding it for now. Sentiment is bearish on risk and it’s hard to see what might change this over the next few sessions. EUR/USD has been trading in a 30 pip range just below 1.3700 for the last few hours and it also looks very soft. If European traders walk in with the majors at these levels, I’m guessing they will have a go at the downside first as the Greek headlines will dominate all the financial newspapers.