Didn’t take long to trigger stops above 1.4100 and 1.4130 and run up to the top of the recent range at 1.4050. 1.4148 was the traded high.
US yields are easier on the day, down between 3-5 bp on the day while US equities are extending gains. Sounds like a risk-on environment…
Barriers are rumored at 1.0350 in AUD. We trade now at 1.0330.
