Morning all,
We have already seen some heavy trading this morning. My thoughts on the AUD, are that its still a buy on dips scenario for a final push to the Fibonnaci retracement level of 6875 area. On the day look to buy the 6720 zone for profit taking at 6760 area. Remember we have seen a good run from 6400 so caution needs to be taken for this last push up. Play the 6720-60 range for the next few hours.
EUR testing overnight highs here at 1.2990-1.3000. Temp top here at 1.3000, but price action is still bullish.
GBP is on target for 1.5000 with good buying this morning. look for a small pullback to 1.4720 area before getting long again for an intraday trade.
