• Recent technical support and barrier protection at .9050/60 held yet again yesterday despite some serious attempts to break lower;
  • The short-term charts are trying to form a basing pattern but they really need to break and hold above .9170 in order to give this some credibility;
  • GDP is on today’s economic calendar with +0.8% QoQ expected. There may be some short-term impact from the data but with the RBA not meeting again until February, this number will be quickly forgotten.