The break through the 200 day MA at 1.0410 earlier should now hold some support on any sell-offs, with the market currently finding some headwinds ahead of tech resistance at 1.0445/50. A break here should see an accelerated leg up to around 1.0580

Some talk earlier of an Asian sovereign selling in the 1.0430’s and simultaneously buying USD/CAD, but this appears to have been pretty well absorbed.

EUR/AUD’s on the ropes again with a new all time record low of 1.2228 a short while ago and looks to be heading for a test of the 1.2200 area, with the trend still very much intact at the moment.