Looks rather well supported in the 1.0500/10 region this morning after yesterday’s bounce courtesy of Mr Bernanke.
There are offers up to 1.0550 to chew through before we have another look at more offers from 1.0590/00, but Gold is lending a hand as well this morning with recent highs around 1694.
The move’s in tandem with a load of weak sell stops just tripped in the USD/ZAR through 7.5800 to lows of 7.5715 for those mad enough to trade that one….
AUD’s at 1.0542 and the ZAR’s around 7.5750
