After falling sharply earlier this morning pre-fix, the AUD is once again back up above 9340. AUDJPY selling for the Tokyo fix plus model funds selling saw AUD take a hit earlier to 9315, but bids just below have helped the AUD stage another run back up. AUDJPY retreated back to 83.25 before finding a base. Support comes in at just under 83.00.
I would think the range for the Asian session has been determined already, between 9310-9360. Play range until one side breaks. Personally Im still a seller into rallies, taking them back on 30-40 pip pullbacks…Intraday trading.
