AUD outlook; flows mainly AUD negative in overnight trade
- Corporate buyers returned in EUR/AUD, helping to trigger trailing stops above 1.4370 with more seen above 1.4390;
- Market tried to trigger stops in AUD/USD above .9240 but has failed thus far with plenty of selling interest just ahead of there;
- More sell orders noted above .9250 through .9350 at regular intervals;
- AUD/JPY still in consolidation mode between 90/93.
I’ve got no strong view today, but buying dips in EUR/AUD does seem like a sensible play for a test of technical resistance at 1.4450.