Morning all,
AUDUSD has had a great run up over the last 2 day with many real money funds jumping on once we broke above the 7550 area. The interest to buy is still there but not above 7600. There are bids at 7550-80 zone. On the top there are lots of take profit orders and limit sellers looking to establish technical shorts as we approach 78c. Sellers start at 7720 and i would say we have seen the high for our Asian trading session today.
Im a seller on rallies towards 77c for a move back to 7550.