• There has been some poor economic data over the last two days but the AUD has risen in spite of this.
  • FOMC burst the USD bullish bubble overnight.
  • I see the main risk being to the topside post-jobs data. A strong number could set off another batch of short-covering (which I don’t think has really yet begun in earnest!).
  • .9150/.9350 likely to cover most eventualities in coming sessions but its going UP!!