We went down to 1.0156 earlier after some light sell stops were triggered down through 1.0160, but am told from a reliable antipodean source that the bigger stops are now positioned on a break down of 1.0150.
Real money have been seen buying under 1.0170 most of the morning.
Same guy tells me he was greeted with some steady selling of EUR/AUD on arrival this morning which has since come off from highs of around 1.3152 to 1.3090. I can’t confirm, but have a strong suspicion its the same mob selling the cross.
Sould be some technical resistance up around 1.0265/70 (Asian highs), ahead of the 100 day MA currently sitting up at 1.0302.
We’re at 1.0198 now