AUDUSD has seen a steady grind higher over the past few days and finally popped 0.8900 today posting 0.8911

But it hasn’t taken long for the legs to be kicked from underneath it as we see 0.8800 hit to post lows of 0.8781 so far, an area which has been quite pivotal before the final surge higher.

Expect some demand down here but short-term rallies to be capped into 0.8810 and then 0.8830-50 again, as longs try and get a second chance to unload

EURAUD was only offered this morning but now posting highs of 1.4395 from 1.4311 lows only adding to the AUD sell interest. Keep an eye on that pair too plus AUDNZD with the RBNZ announcement in the mix at 20.00 GMT.