Morning all,
The buying just under 68c yesterday was strong enough for a run to 6970. This morning we see AUDUSD coming off in tandem with NZDUSD after the Bollard comments.
Talking to traders around town, they are sellers towards 70c and buyers in the 6870-90 zone. Traders will be happy to play AUDUSD from the short side this morning selling into small rallies. I would say 6880-6950 range will contain the AUDUSD for the next few hours.
