There is a possible double-top on the daily chart at 89.70 and it’s neckline comes in at 85.80. There has been a marginal break already but best wait for confirmation one way or the other.
Obviously the usual risk-off Friday sentiment has been taken to a new level by the Obama comments and the typically gloomy RBA. The fact that the market ignored the China data shows just how its thinking. Looks to me that we might see more of the same once Europe starts trading.