The heavy stop-loss buying in AUD/JPY has also had an impact on EUR/JPY, which is 30 pips higher since the Australian GDP numbers. Doom and gloom has been banished for a few hours at least.
If AUD/USD can break cleanly above the 21-day MA, then I don’t see much in the way of technical resistance until a daily high at .9900 and a 38.2% retracement level at .9920.
