There is still a lot of political fallout from yesterday’s events, but as I repeatedly said at the time the AUD markets wasn’t really caring about it all. AUD didn’t start moving until Europe got active last night – selling EUR/AUD the catalyst for the jump in AUD/USD overnight.
Support now 1.0410/20 – its going to need to close below there for any move back down. Further support 1.0360/70 and 1.0340/50 now. Resistance 1.0470/80, then 1.0550.
