The level also coincides with an option expiry today, but bounces remain limited following the weaker o/n Chinese import and IP data as EUR/AUD consolidates above 1.2300. Offers in the cross remain at 1.2360/70 and around 1.2400.
AUD/USD also has some tech support down at 1.0318 which holds the 200 day MA ahead of more bids down at 1.0300/10. Offers now building up around 1.0360 with larger up ahead of 1.0400
AUD’s currently sitting at the fibonnaci recement level of 1.0355 (50% of 1.0545/1.0166 )