88.70/80 has been good resistance – the market is testing it again now after poor trade figures out of Japan and a better HSBC Flash PMI from China. There is still selling here, but the buyers are having a good go at it.
AUD has retraced its earlier losses, it should have resistance now around 1.0540 on the day. Kiwi moving higher too. The ranges are tight, but its all we got!
