AUD has taken out the offers at 9220-30 which didn’t offer much resistance. Local player has been a big buyer. Market still feels short, with buyers now stepping up to 9210-20. Topside has potential to run to 9270-80 now that the offers are cleared.
Overall USD is down across the board which is helping EUR, AUD and GBP higher. The Nikkei is down 0.2% at the moment and traders will keep a close eye on its movements. Further losses could see risk sold off into the afternoon.
