Earlier in my AUDUSD order post I highlighted strong bids at 0.9200-10
It appears now they related to a good size option barrier in place at 0.9200. No expiry date details available so assume it will be around for a while or until breached. Low so far 0.9217. Currently 0.9223
We last had 0.9200 on March 26th and a low of 0.9203 on May 2
Selling of AUDNZD this morning and further iron ore price falls for the fourth straight day all adding to the AUD pressure. BHP have called on govt help in regard to the iron ore port dispute.
A quick glance at the dailies shows clearly why this level is now key
AUDUSD daily 21 May