‘Risk trades’ wary as Greek talks drag on

With Greek unions set to strike ahead of more agreed cutbacks by their government, the risk-on mood from Friday night is fading a bit and the AUD/USD is back at its previous resistance level near 1.0750. Asian players have been solid sellers of AUD/USD over the last few sessions but as yet we are hearing little on the order front which might hint at this trend continuing or not. Barrier protection is still expected ahead of 1.0800.