Just scanning through some of the Friday notes from banks on the Australian dollar
(I'll have some Monday notes soon)
Some of the themes are consistent:
- Mentions of the 200 day MA circa 0.7779
- Traders generally favouring downside the weak side
- Citing narrowing spread (well, turning negative) for Australian government bonds against US government bonds (focus on 10 year)
- Iron ore price strength still but looking for this to top out
- This week the data focus is Q4 capex
- 0.7840/60 eyed as resistance