Off almost 100 pips on the day from O/N highs of 1.2382, the move apparently initiated by the earlier mentioned Dutch AAA name.
The pair has slipped again below the 100 day moving average at 1.2306 to the low 1.2280’s and the next line of support is down at 1.2233 lows seen on Friday.
AUD/USD meanwhile is nudging up to 1.0400 again with reports of some hefty offers from the real-money fraternity sitting around the level. Some buy stops are likely on a break of 1.0400 but the tech resistance above comes in at 1.0430/45 highs of 27/24 August.
AUD/USD’s around 1.0397 with the cross around 1.2286
