Been told from a couple of sources that there have been “sharp” and “smart ” buyers around in EUR/AUD this morning around the 1.2480 level but so far nothing seems to be turning the tide in that cross.
AUD/USD’s nudging up towards some offers reportedly at 1.0280 with a recent high of 1.0268 , but it’s hardly exciting stuff…
Order wise there are offers around 1.0305 and a large option expiry at 1.0300 rolling off this afternoon.
Expect real money offers to start clicking in from 1.0330 if the rally extends. Bids are down at 1.0200/10, with some small sell stops on a break of 1.0200. Below there should be tech support at the 100 day MA at 1.0190
AUD’s around 1.0260 and the EUR/AUD around 1.2483