Everything about the AUD over the last few weeks suggests to me that it’s heading higher and Friday’s price action merely re-reinforces my view. The recent .92/.93 consolidation range may continue to hold for another few days but I’d prefer to be buying the base of the range rather than trying to sell at the upper end.
On the day, sell orders were reportedly solid between .9320/30 on Friday whilst dips should be limited to .9230/40.