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.