AUD/USD has come under some fairly heavy pressure, presently back down at .8405. It stood at around .8450 when I parked my bum down this morning, so the sell-off has been rather marked. That said we’ve come along ways, so sell-offs I guess are going to be robust, for want of a better word.
From here, sources note buy orders lined up at .8400 and then .8380, the latter level reportedly including Asian sovereign interest.
It’ll be interesting to see, if there is further pressure, whether these two levels of interest prove enough to hold the line. It’s maybe a little questionable.
EDIT: Hearing somewhat belatedly Asian sovereign sold up at .8435/40.
