RBA's Kent: FX intervention not ruled out

AUD's rally has picked up renewed momentum in the last few minutes, testing 0.8730 offers, as market perceived the latest headlines from RBA's Assistant Kent as short term 'risk' being removed, with the Central Banker reiterating familiar comments for the market. AUD/USD looks to be headed towards the next projected upside target at 0.8750/60, where sizeable offers should be layered. On the downside, short term players are probably bringing stops up sub 0.87 and below 0.8650.