Morning all,
A slow start here is Sydney, with traders happy to wait for flows rather than trying to guess the next move after an evening of good volatility. Speaking with some traders here this morning,
Im hearing that there are some buy orders around in EURGBP between 9040 and 9060 which may lend a hand to EURUSD early on. GBPUSD also sees sellers just above 1.6500 which fits in with the EURGBP buy orders. Its rare that EURGBP moves a lot in Asia, but just keep one eye on it.
AUDUSD awaits the Westpac leading index data out at 00.00GMT which should be a positive. Sellers above 9320 should cap it for the day while buyers under 9180 might be tested if Asian bourses come under selling pressure.
