There was some talk earlier of real money buying reactivated, but offers now building in the 1.0500/10 zone which may include some RBA commercial interest. The pair’s also being underpinned by AUD/JPY, but offers there in the 91.50/60 capping the cross at the moment ahead of a possible barrier at 92.00 and ahead of tech resistance at the Sept 2008 highs of 92.44.
AUD/NZD short covering after the early fall to 1.2473 has also helped the AUD/USD with the cross back up again but floundering at offers up at 1.2550/60 ahead of the Asian highs around 1.2569
AUD’s presently at 1.0491, with the AUD/JPY at 91.43 and AUD/NZD around 1.2522
