A big surge for the USD overnight is the background, sent AUD/USD to US time lows circa 0.7250 (just under)
- We had a small drift back up in morning trade here in Asia, day-trade (and other shorter term) buyers the interest
- RBA statement catalysed some bailing out, there wasn't much in it. The projections that were altered were all a touch more optimistic but if anything it was a 'sell the fact' response from the market.
For now, stop loss selling is clustered under 0.7240
If you want to say, 'yeah but its pretty inactive today' I will find it difficult to argue with you though. Small range only.