What a difference a couple of hours makes in the wonderfully fickle world of forex
Earlier on in this session there wasn't anything standing in the way of a decent drop to 0.7072 after some macro-fund selling that I noted here
But that played nicely into the hands of AUD bulls who took the opportunity to stock up with fresh supplies
Add a push back above 0.7100 to defend a decent size option expiry today ( I'm thinking that's in the mix) and we've now taken out offers/res at 0.7120 too
More supply into 0.7150 but we should expect some decent defence of 0.7100 if we pop back down
GBPAUD in retreat at 2.1345 after 2.1420-50 res/offers capped the earlier move up and getting no love from the pound's gains post-CPI
