AUD/USD is settling back down at the 100-hour MA
As I mentioned earlier, it's thin liquidity trading and sudden jumps like these are common during these times (just think year-end trading, it's the same situation).
But there's reports saying that exporters were short covering the aussie, with bids under 0.7895 spread between several banks.
Now we have that out of the way, let's see what European traders have to offer when they inject a dose of liquidity into things.
In the meantime, we're also seeing the dollar extend gains on the day, with USD/JPY now closing back in on 107.00. EUR/USD and GBP/USD have also fallen to session lows at 1.2375 and 1.3965 respectively.
