EUR/USD is back above 1.36, AUD/USD is at fresh session highs and the S&P is up about 0.7% as the recent pullback in risk appetites appears to have been a case of indigestion rather than a hunger strike.
Dealers continue to do forensic examination of the AUD/USD buying earlier this morning and the amounts continue to build. Estimates of as much as AUD 2 bln is being bandied about now. Asian offers are rumored toward the 0.76 level with the prices now at session highs of 0.7575.
EUR/USD resistance lies at 1.3625. Small stops are perched just above that level. 1.3655 is further resistance.
