….But runs into the same congestion zone above 1.0400, as shorts are caught out again and expectations of a cut at the next RBA meeting recede.
There’s some resistance around 1.0443 (61.8% of the 1.0625-1.0150 fall and talk of a option related offers ahead of 1.0450 to initially cap the pair (1.0450 possible barrier, and part of a 1.0200-1.04500 DNT), but a break there likely to run a few buy stops ahead of tech resistance up at 1.0470/75 late Sept highs.
Nearby bids start from 1.0420 and run down to 1.0400 with likely sell stops from short term players through 1.0380.
AUD’s curently trading around 1.0432 after recent highs of 1.0435
