We've seen some solid US$ buying in Asia but it's now down to Europe to provide the next move
It's gone quiet again right now with all major pairs treading water
GBPUSD def has key tech support/demand around 1.4890 and there's bids front-running that between 1.4900-20 but topside now limited to 1.5100-10 for the moment. A level I highlighted after the Fed and before we posted highs of 1.5100
In the post I also anticipated res/supply on AUDUSD between 0.7280-0.7300 and that was borne out by a top of 0.7281 before falling to 0.7163 in Asia
We've seen good two-way business overall since Yellen pressed the trigger and I see more of the same
European equity demand following on from Asian markets should help cap euro rallies but expect dip demand still
