AUD/USD mostly consolidated around the 0.93 level during the Asia session. USD strength weighed on the Aussie, but cross flows were supportive with AUD/NZD rallying back above 1.10.
There is a 0.93 A$2.1 billion option expiry for today’s NY cut, which might keep price close to the big figure throughout the London session. As traders are waiting for tonight’s Australian employment data, I expect the 0.9270-0.9330 range to hold until then.
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