AUDUSD has seen a good bounce from 8145 to 8190 on the back of demand for AUDJPY at the fix, coupled with strong gains seen on regional stockmarkets.
As Sean said earlier, 8225 is the level to on top. Stops building above there. Downside, 8120-40 is the support area, with good bids in that zone.
The latest data from the Commodity futures Trding Commission shos that speculators have increased their longs on the Aussie in the week ending 21st July to 51,052 from 42,301 the week before. Shorts have been cut to 12,264 from 16,708.
