The Australian dollar has faded from the magnetic pull of 0.9400 a bit today, down to 0.9380 as the commodity complex fades on disappoint European stocks.
The first bids sit around 0.9361 which was yesterday’s low. Better bids near 0.9350 followed by the 55-dma at 0.9342.
Offers at today’s high at 0.9409 then not much until Thursday’s spike up to 0.9459 and 0.9480. Tough to imaging we get outside those ranges today.
