Just scanning through some of the Friday notes from banks on the Australian dollar

(I'll have some Monday notes soon)

Some of the themes are consistent:

  • Mentions of the 200 day MA circa 0.7779
  • Traders generally favouring downside the weak side
  • Citing narrowing spread (well, turning negative) for Australian government bonds against US government bonds (focus on 10 year)
  • Iron ore price strength still but looking for this to top out
  • This week the data focus is Q4 capex
  • 0.7840/60 eyed as resistance