Interesting NY session with really only EUR higher from levels seen here in Asia yesterday. Short term top in place at 1.4365-70, with immediate support here at 1.4320 for those looking to trade the range. More buy orders are staggered back towards 1.4260, but I cant see them tested on the day. With the Sydney temperature looking at topping 30 degreees celcius and traders already at Xmas breakfasts around town, I cant see too much happening. Look to trade 1.4300 – 50.
AUD saw a move towards the next level of resistance, 8820, but was met with good supply. Now back under 88c, I see more of the same with buyers at 8750 and sellers will stay at 8820. Watch AUDNZD, it has been holding 1.2440-50 but has been unable to move higher and looks under pressure here this morning with traders reporting some downside flows. A move down thru 1.2440 will see the AUD trade back to 8740. Personally, AUD feels a touch better bid today but not by much, Im still a happy seller on rallies Intraday.
