You’d be forgiven for not believing that yesterday was an exciting day in Australia for AUD. On a day of an RBA decision it wasn’t much of a range – and the 24 hour range wasn’t much to write home about either. Still – I think there was some information imparted in the price move.
It looks reasonably well bid and ranges have been clearly established.
1.0385/95 to 1.0495/05 is the near-term range. I prefer buying dips but am mindful of the heady heights it is not far from.
Levels – 1.0430 is very close and contains initial bids around there. On the topside 1.0470/80 has attracted short-term sellers.
I’ll be back with more of the orderboard as the morning progresses.
