Cross looks to have turned the corner now with a move up through 1.2800 which popped some buy stops to 1.2806. There are more buy stops up through 1.2830 with the Dec 29 highs of 1.2873 above there offering some technical resistance.
The move has left AUD/USD lagging far behind the EUR/USD this morning , and month-end yen demand is weighing as well through AUD/JPY sales from Japanese banks. Aussie-yen bids at 86.10/15 have so far stemmed the outflow ahead of sell stops down through 86.00. Offers sit up at 86.80/00
AUD/USD has bids from 1.0420 down to 1.0400, with some stops expected on abreak of the 200 day MA at 1.0399 and the 100 day MA at 1.0379. Offers remain ahead of 1.0450 with some buy stops just above ahead of better offers at 1.0490/00
