Morning all,
Traders have buy orders at 7620 which may be just a little out of reach today. There is some small interest to buy here at 7700 as traders look to buy the pullback from the top and trade the range. Topside there is a lot to sell between 7780 -7820, so dont go looking for a break. I think AUD has had an explosive move up from 7450 and may need to do some work up here before an attack higher at the 7930 area(50% retracement level of the whole move down from 9850).
On the day I would be trading 7650 – 7750 with a shorting bias.
