Morning all,
Looks like there was demand for US Dollars last night across the board, with the dollar index advancing over 4%.
The theme should continue in Asia today. EURUSD will find some support at 1.4500 but tops are descending, with 1.4580-00 sellers lining up to exit. AUDUSD traded pretty much as we thought, lower, to test the real buyers at 9050, which have been filled. I’m still looking for 8940-50 to be achieved on this leg down.