After speaking with a few local traders i get the impression that there are more players looking to sell the rally rather than buy the dip. There is some selling to be done right here at 7050 and more at 7080 on the day. I dont think 7050 will cap it, but feel 7100 area might. On the downside Intraday traders are happy to take profit on shorts at 7020 just ahead of some exporter bids at 7000 and small AUDNZD bids at 1.2650. However 6950 is where the lumpy buy orders are. If it gets through there then it 6750 here we come.