AUD/USD is 100 pips off it’s Friday highs after relatively poor Chinese export data over the weekend. The strength shown last week suggests to me that buying medium-term dips is the safer play for AUD/USD but with the market seemingly unable to generate much momentum in either direction, I wouldn’t be overly hopeful of any trends emerging any-time soon.
Intraday support levels for AUD/USD start at .9010.