AUD/USD has fallen a half-cent in the past several hours after reaching as high as 1.0474 in Asia.
We might be seeing some speculative longs squaring up into the weekend. The China PMI is on tap and Mondays have been dreadful for risk appetite for three months.
The 55-day moving average at 1.0422 held the earlier slump but gave way in the last hour. Bids at 1.0400/10, which also corresponds with the 50% fibo and the 21-day MA. Stops below.
More stops below 1.0380.