Heading down towards the weekend lows around 1.2273 with a slide back to 1.2295 just now after stalling around 1.2350 in Asia.
The move’s helping AUD/USD to chew through the offers around 1.0650, but more solid resistance is expected up around the recent high of 1.0688. ( note also that China was seen selling in the 1.0680’s yesterday)
A break of 1.2273 in the EUR/AUD opens the door to a re test of the Jan17 all time lows of 1.2228.
There’s talk now of a multitude of offers stacked up from 1.2400 and up to 1.2500.
