Traders report seeing good-sized buying of AUD/USD in the 0.9150 area but they came fairly easily, suggesting the market still sits quite long. More buying is rumored at the 16:00 GMT fixing. If we don’t rally, we could be due for a bit of a downside shake out.
We stalled earlier in the session at 0.9198 . A break below 0.9115 should trigger stops and perhaps signal a near-term AUD/USD top.
