There is some resistance on the hourly chart around .9200 and I would expect to find some trailing stops above .9205. The big level to watch in my view is Friday’s highs near .9250; if we break back above there then the bears will be getting worried.
There was nothing overly AUD-bearish in the speech from the RBA Deputy Governor, hence the mini rally. The NZD/USD is already 25 pips higher and I might have to consider coming out of retirement 🙂