The Australian dollar remains relatively buoyant despite the falls in the euro and pound. The market isn’t in the ‘risk on/risk off’ mode but concerns about the central bank decisions and lowered liquidity are driving moves. EUR/USD has tumbled toward 1.2500.
Looking at the bigger picture, the pair remains in a medium-term uptrend.
Offers 82.20/30 with buy stops above the 100-day moving average at 82.75
