The Break out above 8130 overnight sent AUD above 82c, pretty much as we mentioned it would yesterday. The AUD has been supported by Commodity buying and strong economic data over the last few days. On the day 8130 - 8230 is my range. I have been bullish over the last few days buying on dips but i feel it maybe a little overdone today. I would be trading the range but with a shorting bias, looking to sell back above 8220. Bids 8100-30 and sellers above 8250 should contain it in Asia.
-
AUDUSD: Intraday Views
June 12 2009, 5:30am | Comments »
-
AUDUSD Intraday views
AUDUSD will be supported via strong buying in commodities and a weak USD today and very strong consumer confidence numbers. Traders looking to buy under 80c for a revisit of 8120 tonight. Not hearing of any major selling interest on the day. AUD right in the middle of the day’s range here but bias is to the topside. Good support also coming from AUDJPY buying this morning.
June 10 2009, 6:28am | Comments »
1