There is a bank holiday here in Australia today and I will be off-screens for a few hours from now, returning hopefully just after the Tokyo open.
AUD/USD sits below important resistance at .9750 and the top-pickers of the world, myself included, will be getting out on a break above. Huge optionality beckons at parity and interbank dealers are generally of the opinion that a break above .9750 will usher in the big test.
Ueber-hawk Glenn Stevens is given a 50:50 chance by the market of raising rates again tomorrow and all will depend on whether the RBA focuses on domestic issues (a definite rise) or international issues (a likely pause).
