Lack of any pointers to near future rate cuts from the RBA has sparked a bit of short covering, driving AUD/USD to day’s highs around 1.0273
Offers are plentiful up ahead from 1.0280 up to1.0300, with some like buy stops just above ahead of the 200 day MA currently sitting at 1.0317. Downside support is seen at 1.0230/40 with some sell stops just below ahead of larger bids in the 1.0200/10 region and a barrier at 1.0200
AUD/USD ‘s presently trading around 1.0265
