I put some AUD levels in a comment this morning – little reason to change them:
1.0520/1.06 has it enveloped at present.
There is selling at 1.0575/80.
With the bad employment data rate-cut speculation has already started.
The AUD has dipped and has run into buying again – there is data out of China tomorrow and the trend has been for better than epxected data there – hence growth – hence AUD buyers. We’ve already seen revisions issued for higher expected Chinese GDP for Q4 2012 and for 2013.
The new reality is for dips on the AUD to be welcomed as opportunities to buy.
