• Strong technical support at .9315/50 (see chart);
  • End-of-month flows usually tend to favour the USD;
  • Friday is often risk-off in Asia, another reason perhaps to sell the AUD/USD;
  • Real money bids have been reported at regualr intervals below .9350.

I’ve got no very strong views but feel this .9315/50 support band must be respected. I will maintain bullish bias whilst this holds.