We’re just off the day’s highs of 1.0369, but EUR/AUD’s struggling again to break up convincingly and build through 1.2700, which is adding some support to the AUD/USD. Also hearing some 1.2650 option strikes in the cross today, which depending on the size may offer some magnetism later.
The downside at the moment is well protected by macro, corporate and option related bids ahead of 1.0300. More bids apparently sit down at 1.0280. Offers remain up at 1.0275/80 ( 1.0377- 200 day MA) and larger offers sit up in front of 1.0400.
AUD’s at 1.0360 and the cross at 1.2690
