AUD/USD has been firming along with EUR/USD, pushing up through the 1.0000 level a short while ago. Contacts report that large amounts of AUD have gone through at around the 1.00 level but that sizable offers are coming into the market and being absorbed. We’re edging above the 10-day average at 1.0011 as we write. 1.0077 is next resistance.
US real money accounts have been good buyers on the recent strength.
