Next levels to watch in major pairs
Nice way to start the session, having picked the ding-dong in the AUD/USD. One bank is reporting decent-sized buying interest at 1.0430 and another is reporting heavy stops below 1.0425. Maybe they will both be right.
The EUR is holding up well, trading just below session highs with strong Fibo resistance still intact at 1.2935. EUR/AUD buying has been noted over the last 2 hours. I’ll stick with my shorts from earlier as the risk-reward is excellent.
USD/JPY is supported by reported semi-official bids below 77.65 with heavy optionality at 77.50.