• The USD has made some decent gains across the board with profit-taking in GBP/USD and NZD/USD having a big influence;
  • The AUD was well supported by AUD/NZD buying and improving fundamentals;
  • There are a large number of expiries and strikes around .9400 which will continually drag prices back towards there, at least until the majority roll off;
  • Momentum and conviction are lacking in AUD/USD so more range trading is favoured.