We’ve touched 1.0299 earlier but it’s all a bit like watching paint dry so far.
O/n firm GDP data’s left the AUD/USD on a bid tone, but the lack of momentum is widespread at the moment. The 100 day MA at 1.0299 ahead of a 61.8% retracement level of 1.0336 (1.0753 to 0.9964) lie ahead, with some buy stops that Sean mentioned set on a break up of 1.0340.
AUD’s sitting around 1.0282
