Some sell stops weer triggered earlier down through 1.0360 to Asian session lows of 1.0348, but bids have since resurfaced in the 1.0350’s reportedly from some sovereign names and real money. There’s is some suspicion as well that the RBA could be quietly selling some AUD for commercial reasons
EUR/AUD’s helped the move with a short covering bounce to 1.2312 from 1.2165 yesterday, but the pair remains well secured below the 61.8% fibo retracement around 1.2360, and the 200 day MA currently around 1.2410.
AUD/USD offers remain up at 1.0380/00, with bids now at 1.0345/55, tech support comes in towards the daily cloud base at 1.0332 and the 200 day MA at 1.0323 ahead of bids in the 1.0300/10 zone
AUD sits at 1.0355 with EUR/AUD around 1.2303
