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AUD/USD: Stop-loss orders just above current levels

AUD/USD: Stop-loss orders just above current levels

Forex Orders
Sean Lee
05/06/2012 | 02:07 GMT

I’m hearing from the interbank market that there are stop-loss buy orders just above current levels (probably above .9775?) which dealers will be anxious to get out of the way before the RBA decision (and they have 2 1/2 hours to get them done).

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