AUD/USD & NZD/USD orders

A look at the orderboard ahead of the RBA announcement due later:

• PREVIEW: RBA announcement due today – rates and currency outlook

Also:

• Economic data due from Australia
• Economic data due from China today

Please take extra care if you are going to be leaving orders out there in the marketplace over the data and especially over the RBA announcement. I’m not expecting a volatile reaction to the RBA today, but liquidity will thin out just ahead of and immediately after the headline hits the wires, so just a heads up.

AUD/USD

• Sellers 0.9340/50, 75 then larger at 0.9395/0.9410
• Some stops above 0.9390
• Buyers 0.9300/10 then 0.9250/60 and 0.9200/10

Currently around 0.9330

–

NZD/USD

• Sellers 0.8590/0.8600
• Sellers 0.8530/40/50
• Buyers 0.8490/00 with trade stops below 0.8490
• Buyers 0.8450/60, stops below

Currently 0.8520