Apart from Macro sellers up towards the 1.0480/00 level, the recently announced downgrade of Queensland by Fitch isn’t helping matters either (although somewhat expected).
AUD/USD’s just slipped to a day’s low of 1.0430 and filling in the bids i mentioned on the order board. There are more lying down at 1.0400/10.
EUR/AUD’s heading up to challenge Tuesday’s 1.2381 high with a recent day’s high of 1.2376; and the move could well accelerate on a break of 1.2400 towards 1.2525/30
UPDATE: Talk also of a lot of 1.0475 option strikes rolling off today and a reliable source in Sydney tells me Asian names could be vulnerable to a short squeeze. AUD’s currently at 1.0436
