On our orderboard earlier we mentioned decent barrier-option related support at 0.9850 and with the softer tone to the greenback we’ve seen a move to 0.9919 before heading back to kick its heels around 0.9900 again.
The correlation between this pair and USDJPY, with reverse price actions, continues to be very evident and the past 2 hours has been no exception as USDJPY has attracted a few sellers.
Sellers in AUDUSD lined up at 0.9920, 0.9950 and larger toward 1.00. Buyers in place now at 0.9880 and 0.9860 ahead of the 0.9850 defence.
