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AUD and SEK hold their levels

USD
  • A more mixed picture for the Dollar now, since the EU cash Govie open, trading circa flat against the GBP, SEK, CHF, CAD and the EUR. Best performer is the Yen, up 0.23%, and the NOK, NZD and the Aussie are in the red.
  • Couple of levels we looked at yesterday, while the UK were off on their Bank holiday, was the AUDUSD which has been trading either side of 0.6700, in a 0.6565/0.6806 range since late February, and the upper end of that range being tested yesterday, printed a 0.6804 high, failing to break this key initial level.
  • USDSEK, tested and broke the December low 10.1514 , but lacked traction as market participants faded.
  • A break below the 10.1000 psychological level, would eye 10.000, the August 2022 low.

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