Option players have been dominating the AUD/USD market for the last few weeks but we should see corporate and institutional flows start to pick up as the end-of-financial year beckons for Australian businesses. I’ve got no strong insight into the overall flow expectations, with banks now hanging on really tightly to this information, but most analyst predictions that I’ve seen suggest net AUD demand.
That said, don’t be expecting any range breaks, with .9325/.9425 likely to contain most of the intraday noise.