Australian dollar orders and technical levels

We have two items of economic data due today, at 0030GTM and at 0130GMT.

This is how the orders look (and some technical levels interspersed):

Topside:

  • Sellers 0.9240/50
  • Sellers 0.9200/10/20, stop loss buyers above 0.9225. 0.9200 is resistance also
  • Resistance 0.9175
  • Sellers 0.9150, (stop losses are building substantially above here)
  • Resistance 0.9135/40
  • Sellers 0.9125/30
  • initial resistance 0.9010/15

Downside:

  • Bids 0.9075/80 (last night’s lows hold’s buyers still)
  • Bids 0.9048/53
  • Support 0.9025/30
  • Bids 0.8925 and again 0.8900
  • There are stops down below, but no clusters of interesting size

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