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AUD/USD orders: Solid bids hold firm

AUD/USD orders: Solid bids hold firm

Forex Orders
Sean Lee
31/05/2012 | 02:15 GMT

The interbank ‘orders’ guys got it 100% right (yet again), they did say those bids below .9675 would be tough to crack on the first attempt at least. Bids are still reportedly solid between .9660/70 and again at .9630/35. There is also some talk of a barrier at .9650 but I have no confirmation of this. Macro stop-loss sell orders now below .9620, so if this level goes then the bears are likely to pick up some more momentum.

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