Afternoon all,
Speaking to some local Aussie traders, I get the feel market wants to push lower but maybe traders are touch short at the moment. As Kyle pointed out this morning 7150 is the level on top to watch. Sellers are lined up there with stops above 7170. On the downside no significant buyers until 6950, however intraday traders are happy to buy 7040-50.
With the EURUSD, all eyes on 1.2880 as pointed out earlier. There are some stops under there but nothing large. Even if we go through there on the day there will be support in the low 1.28’s on the back of bids in EURJPY at 126.00.
In USDJPY lumpy sell orders at 100.00 is all im hearing.
Goodluck