We have economic data due in Australia today (PMI is first up at at 2330GMT).

  • offers 0.9000
  • offers layered 0.8950 through 0.8980 – there are some trader stops above 0.8955
  • Bids initially 0.8900/05 (some trader bids ahead of there, but the bigger bids are 00/05, also some short-term technical support 0.8920/25)
  • Bids 0.8850 and 0.8880

As I noted, there is economic data due today, the most focus is the building approvals (see first link, above) and the HSBC PMI from China. Positive surprises on there are going to be AUD bullish while negatives are going to continue to weigh on the AUD. We had a gap up this morning, which has been faded somewhat, but overall the range has been small since the 40-off point gap higher.