It is not a busy day data-wise from Australia, with only NAB business conditions/confidence at 0130GMT. There is also the PEFO (Pre-election Economic and Fiscal outlook statement) due for release at 0000GMT. Its impact on the AUD/USD should be close to zero.
The orderboard today:
- Offers 0.9250
- Offers 0.9210/20 (with stop loss buyers above 0.9220)
- Initial offers 0.9175/80
- Initial bids are very close, 0.9130/40, some trading stops below but bids again 0.9115/20
- Bids 0.9100, some stops below 0.9090
- Bids 0.9040/50