Levels to watch in early trade

  • Asian Sovereigns including China reportedly buying EUR/USD near 1.2975.
  • Strong corporate bids in AUD/USD at 1.0220/30 look to have formed a base in short-term; watch for strong technical resistance near 1.0360 (trendline, Fibo, and hourly highs, see members).
  • AUD/JPY technical resistance at 102.85.
  • USD/JPY: Same large optionality still in play at 100.00.

I’m travelling this morning but will be back in a few hours, though I’m guessing it will stay quiet.

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