Data and RBA coming up from Australia today
As we approach the building permits release time and then the RBA announcement time you can expect order board limit orders to thin out and for stops to increase. Be especially careful with your orders and interests today over these events ... an increase in volatility is very likely and it can end in tears for the unwary and less experienced.
AUD/USD
- Sellers 0.7250, 0.7290/00
- Buyers 0.7200/10, then 0.7170. Stops under 0.7170 and 60. Buyers again 0.7150
Currently 0.7227
-
NZD/USD
- Sellers still 0.6590/00, stops above are building (still)
- Buyers 0.6540/50, 0.6500
Currently 0.6589
