AUD/USD retains its strength this morning rebuking a couple of attempts at the downside only to run into strong buying interest posted at the hourly support (0.9290-95). The pair got hit last night in NY on the hawkish BOC language which saw players reset exposures between the commodity groupings. AUD/USD took another hit in early Sydney on AUD/JPY profit taking out of Tokyo. Both moves were quickly corrected howeverbut firm selling interest between 0.9330-0.9350 has capped for now. One interesting point is that AUD/JPY made a key outside bearish reversal last week and if the pair closes above 87.55 this Friday it will make a
key outside bullish reversal!