Some good confidence numbers sent the AUDUSD higher earlier but was unable to crack thru 7850. Look for support at 7790-00 with offers 7840-50. If we can get above 7860 then we may see it towards 79c, but until then play the range. There has been some AUDJPY selling seen over the last hour which might cap it for now.
Watch the Yen crosses for clues. At the moment they are not getiing any support from the strong Asian stockmarkets we are seeing today.
