Stop-loss buy orders are clustered at the 0.8140/50 level dealers say but profit-taking from Asian central banks is rumored in that same region. Demand for AUD at the 15:00 GMT fixing is rumored later in the session. 0.8262, the June 3 highs is the medium-term topside target for AUD bulls. Intraday support is at 0.8080/85.
Keep an eye on the S&P as the reflation-trade is the story today amid further hopes for a China-driven economic recovery.
