Here’s the orderboard. Please treat it with extra caution today, particularly in the minutes immediately ahead of and following the employment report (due at 0030GMT) – the employment data is an important new data point for the markets, and we all know that markets respond to new data. Those with AUD positions to open, close, and hedge know this too so it is not unusual for them to pull orders (i.e cancel them them) ahead of important data releases. So, with a diminished order book to provide liquidity in the minutes leading up to and following important data points, shifts in supply and demand (and buying and selling) can trigger moves that look large. Not all participants cancel their orders like this, of course, but some do.
Anyway, that’s my long winded way of saying take extra care today. Do with it what you will.
- Sellers 0.9000
- Sellers 0.8975/80
- Stops above 0.8970
- Sellers 0.8945/50/60/70
- Buyers 0.8885/90
- Stop loss selling below 0.8880
- Buyers 0.8850/60/70
- Buyers 0.8835
- Buyers 0.8800/10
