The US dollar is at the top of the mountain once again.
Other currencies trying to climb back up after falling over the past week can’t even get a toe-hold. AUD/USD has spilled down to 0.9246 from 0.9287 since New York traders rolled in.
A strong layer of bids to 0.9250 gave way and there’s a rise of stops below 0.9230. That will be buffered by a layer of bids in the 0.9220 to 0.9200 including corporate buyers and a barrier.
