Aussie did a great job pushing aside China concerns in the overnight market after a few wobbles during the Asian day. Range trade looks continuing, in general buyers 0.8925 and below. Q4 capex survey is released in Australian on Thursday, that will be a test for Aussie sentiment. If it shows worse than expected declines, the buyers will face a test i should think. Otherwise, continue sideways pattern.

Orderboard today:

  • Sellers 0.9090/0.9100
  • Stop loss buyers above 0.9085
  • Sellers 0.9050 through to 0.9070
  • Buyers 0.8985, 0.9000 and 0.9015/20