AUD/USD finds itself bid to the boots this afternoon despite broad dollar strength, a rare state of affairs of late.Traders reported some corporate demand for AUD earlier, but the trade seems to be more of a return to risk despite dollar strength than anything else.
Gold is firmer despite the rally in the DXY and oil has turned positive despite a downbeat OPEC outlook. Stocks are rallying in the US, up 1% on the prospects of a Republican win in the special election for Ted Kennedy’s old Senate seat.
0.9170/75 is shaping up as increasingly important support level after surviving another test earlier in the session. 0.9265/75 is next resistance.
