The EURUSD has taken out the overnight high running up thru 1.4770 on the back of the AUDUSD journey higher to 9030. With the market predominantly short AUDUSD, small sellers at 9020 were taken out with ease. Hard to be bullish up here, but technical traders happy to get on the train with no real resistance in sight until 9300. Market still feels short and there maybe another 50 pips in it as Europe comes in.
There is also some AUDNZD buying going on. AUDNZD resistance at 1.2150 has been taken out with an outside bullish day reversal formation. Next level 1.2240.
