The price action at .9270 earlier in the week struck me as very bullish. There was quite a bit of AUD-negative news hitting the headlines at that time yet the AUD/USD couldn’t fall.

I’m in dip-buying mode but as its Friday, I would not be at all surprised to see some AUD/JPY selling emerge during the Asian session, and I will stay patient.

AUD/NZD looks to be consolidating recent gains and I expect a holding range between 1.1050/1.1225 to develop but the bias is turning bullish.