Were down through 1.2900 again and heading for a re-look at the 1.2864/65 lows seen yesterday.
Have been told that there’s a few names out there that were looking to short the pair again on a bounce to 1.2975, but this morning’s rally faded at 1.2958 in Asia and 1.2954 in Europe.
Real money were the buyers off the lows yesterday and it will be interesting to see if they re-surface again today..
EUR/AUD’s down at 1.2884
