With the relatively benign inflation figures the AUD/USD has put its pyjamas back on (I’m hoping they are famous last words and it goes nuts) and slipped into its range-trading ways.

Levels are well established.

  • 1.0565/75 are sellers and again more selling if we approach 1.0600 (still talk of the barrier option interest there)
  • Market chatter is of Chinese-based bidding interest around and below 1.0545/50
  • Bids at 1.0505/15 and more trailing down to 1.0490.
  • Stops below 1.0485