• Present markets are all about stops and I’d expect there to be plenty of stops above .9430;
  • Seems to me that the intraday market tried to pick a top yesterday between .9360/90 so dips will be limited to .9330 I’d guess;
  • AUD/JPY may well provide any downside potential with ‘risk-off Friday-itis’ to the fore;
  • On the other hand, the AUD is starting to look quite solid against the EUR, GBP and NZD.

Definite short-term buy-dip bias here in my view, looking for a .9425 test later today.