Off early Asian session highs of 1.0555, but remains sandwiched between a wider 1.0470-1.0580 range with bids starting from 1.0510 and layered down. Offers are currently capping at 1.0570/80, and larger above in protection of the 1.0600 barrier
Hard to pick a direction just now, unless EUR/AUD breaks up through 1.2807 (Dec 27 high) and/or AUD/USD slips back through the 55 day MA at 1.0467. Option expiries today may add some attraction with strikes at 1.0500, 1.0550 and 1.0570.
AUD/USD trades around 1.0527
