Traders say US custodial names have been very heavy sellers of AUD/USD today but they seen to have met their match. Reserve managers (presumably Asian) have been buyers of solid chunks of 100-150 mln AUD at a clip, dealers report. There has been heavy selling of AUD and buying of CAD today, traders relay.
AUD has been finding support at the 0.9160 level the last several hours; a break targets a retest of the 0.8125 lows fro yesterday afternoon.
