We get Australian economic data today and also from China (later in the session). As I said in the post on the Chinese economic data I think the danger is a surprise to the upside in industrial production, so that’s something to watch for as it may also see the AUD gain ground. The China data is not due for release until 3.30pm Sydney time (0530GMT).
Orderboard:
- Offers 0.9300
- Offers 0.9250 (there are stops above here but at this stage not large)
- Bids 0.9200/05, with stops below.
- Next big bid level is not until 0.9100, though I suspect buyers will step in below 0.9160 … I’ll update should we dip near there)
