AUD/JPY buyers are driving AUD/USD towards recent highs at .9480 and at least 2 of the local Australian banks have been consistently reporting solid selling interest between .9480/.9520.
I’m still in range-trading mode for the AUD/USD in the shortish-term and prefer to buy big dips. This market was very bullish at 1.05 and very bearish at .9000, and now we are headed back towards the middle of this range. Some things never change in the FX market.
Edit: Now hearing that there is an option barrier at .9500 with large stops directly above there.