$AUD

The RBA's recent commentary has definitely put a floor under the $AUD, and we're seeing that play out with $AUDJPY still holding its ground around 111.486, despite some intraday fluctuations. The market seems to be pricing in a sustained hawkish tilt from them, which makes me think twice about any short positions on AUD crosses for the immediate future. I'll be keeping an eye on the 111.00 level; a solid break below that would change the narrative for me.