OK, when I say the AUD is finding it tough going, well, its not as if its doing much at all really.
BUT … I was unimpressed by its performance earlier on when the NZD, Cable and EUR/USD were all ticking higher. The AUD pretty much just sat there. Like yesterday’s latest hot thing …
Sure, after the stellar Australian Building Permits the AUD put on a bit of swagger, up a few tics. But since then, since getting to 1.0388 its been, well, just nothing. Now its drifting off a little. Bid flows have dried up. I’m not impressed at all.
NZD is being dragged down too after a good performance in the morning.
Cable is again testing session highs – is its persistence at resistance is indicative of higher to come?
Thoughts/comments?
