Someone “smart” has turned up in EUR/USD and AUD/USD.

Regular readers will know about the “smart” arses who ocassionally turn up.

This one’s a central bank and has been selling both EUR/USD and AUD/USD in recent trade. We sit at 1.0510 and 1.4080 respectively. Will the “smart” remain smart this time round. I for one will be interested to see. Time will tell.

Buy stops now clustered above 1.4107 Asia high. Trailing sell stops seen through 1.4045.