The AUD made a significant rebound on the crosses last night, EUR/AUD fell back towards the base of its recent range and AUD/JPY made back all of yesterday’s losses plus some. The AUD/USD continues to grind higher and the confidence that most local banks are showing, that the AUD/USD is going to trade higher, is looking well placed.
EUR/AUD support is at 1.4300 and AUD/USD resistance on the daily chart is around .9270.
