AUD/USD: Edging towards upper end of recent ranges
The majors have stayed fairly quiet today in Asia and I haven’t really gained any valuable insights from today’s listless session.
The AUD/USD remains of most interest to me as I’m in bottom-picking mode and am finally back in profit after a few long nights. I’m sure the macro bears out there are still comfortable with their positions but I think that will change if we start getting daily closes above .9325.
EUR/GBP might see some action during European trade with plenty of bids and stops nearby and the market anticipating the usual end-of-month demand.
USD/JPY will remain very choppy and is too hard for me at the moment; waiting for the lights to come on there.