AUD still grinding higher

Most of this region’s institutional buying has been done now although there is likely to be another fresh round of demand at the London fix. There were most probably some light stops above 1.0400 which have now been done. I’m guessing that there might be more weak stops above 1.0410, or at least if I was short that’s probably where I would have mine.

Leave a Reply

Your email address will not be published. Required fields are marked *