Traders report some interest to sell building now in the low 1.0340’s after weaker o/n data and the Iron Ore/China stories continue to do the rounds.
There’s a lot of bids however to plough through ahead of the 200 day MA at 1.0311 and the 1.0300 barrier, and the overall bid tone is still intact barring a break down through the 1.0270 area.
Offers as mentioned start from the 1.0340’s and trail up to the 1.0400 barrier from a myriad of names
AUD’s currently sitting around 1.0338
