[AUD/USD]

(IGM)[AUD/USD] trading swiftly higher to 0.6929 before encountering some corporate supply. The buyers all domestic names with stops the...
[AUD/USD] trading swiftly higher to 0.6929 before encountering some corporate supply. The buyers all domestic names with stops the fuel for the order, and also some paying heed to a Aud long recommendation from a well respected US investment name. 0.7000 is the major deal now with a lot of optionality expected, and certainly added too in the past 24 hours with loads of Aud calls purchased with this level in mind. 0.6850 now the downside pivot, having been the centre of similar large barriers knocked out Thursday. Exporters showed a strong bid for Aud in the local session. Model buyers also noteworthy & seeming to base long plays with 0.6850 in mind. As with expected large supply into 0.7000, barriers will lead to large stops above. Note 0.6944 (19 Mar high/ 62% .6764-.7270).