Lots of squaring up still taking place and it is EUR, GBP and AUD against the USD which are currently the targets. Nobody wants to be given any positions today so it’s a case of pass the parcel. Trading conditions are thin so we may see some volatility until we reach pockets of liquidity.
There is talk of some decent bids in the AUD/USD between .7010/30 and technical support in the EUR/USD is 100 pips lower at yesterday’s 1.3145 low.
