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