AUD/USD triggered large trailing stops overnight as it rebounded sharply. The market seems unconvinced by any of its own moves and momentum is lacking meaning that we will probably get some extended range trading once again. EUR/USD looks like a 1.33/1.38 proposition, cable 1.53/1.58ish and Aussie .96/1.01.
Intraday traders will look to USD/Asia for leads and they will stay on BOJ intervention watch.
Good luck today.
