With the only data of any interest due out at 11.30 AEDT (00.30 GMT & 19.30 NYC) there is not a lot going on out there at the moment.

eurusd-hourly-4-feb-09

EURUSD – 1.3000/50 range so far and unless we can break back above 1.3100 (and more importantly 1.3410) otherwise we risk a move back to the lower end of the 1.2800/1.3100 range that has dominated for the past two or so weeks. Click on the chart on the left for a bigger picture.

USDJPY – 89.33/89.53 range so far. Offers still expected at the 90.00/20 region but all in all we remain confined to a broader 88.50/90.00 range.

audusd-hourly-4b-feb-09

AUDUSD – 0.6498/0.6535 range. Not exactly setting the world on fire with the local currency either this morning. As the chart on the left shows (click for a bigger chart) there is a nice little downward sloping channel in place that needs the AUDUSD to take out that 0.6600 level to break out of this recent funk we have been in.