Morning all,
Model funds were seen buying both AUDUSD and AUDJPY overnight leading to a spike back above 8945 to trade up towards 90c. The move caught shorts off guard, including myself, as stops were triggered leading into year end. On the day look for support at 8930-40 area and resistance at 9000-10, where standing sell orders line the 90c area. Cant see the 90c area taken out today, but market will be cautiously bullish after the run up overnight.
