AUD Dollar FX trader
(Action Economics) - 19-Dec-12 05:37 - AUD-USD drifted towards 1.0500.
It has been suffering from fatigue amid excessive long positioning, while since yesterday's N.Y. open both GBP-AUD and EUR-AUD demand went through via macro accounts adjusting positions into year-end.
Weakness in base metals and gold yesterday weighed, along with comments from RBA Stevens in the AFR.
He did not rule out intervention in exceptional circumstances, though not at this time.
Good AUD buyers are anticipated into the trendline at 1.0480 and towards 1.0460-65.
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