CROSSES: GBP/AUD was particularly volatile (compared to the rest of the market), dropping from 1.7050 to 1.6950 before recovering these losses plus a bit more (see chart). I think we are seeing the market looking to non-USD pairs for some volatility and hence these moves. AUD/NZD continues to grind higher on the back of NZD selling by a big Swiss account. AUD/JPY support at 90.00/50 will surely be tested in coming days?
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