Eco data and RBA coming up in the Asian timezone today
Orderboard:
AUD/USD ... buyers at the figure holding still ... looks heavy to me though. We'll see
- Sellers 0.7235/40
- Buyers 0.7200, stops building below here and below 0.7190. Buyers again 0.7170 down through 0.7150
Currently 0.7211
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NZD/USD
- Sellers 0.6740/50
- Buyers just under 0.6700 then again 0.6650 and 0.6675
Currently 0.6709
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ps ... I have written this before but I like to rehash it from time-to-time:
... these market orderboards convey where there are clusters of orders in the market. There are
orders at pretty much every tick in the market (round numbers, despite
everyone knowing better, are particularly attractive), there's always
(not always, most mostly) interest pretty much everywhere, always a bid,
an offer, a stop, and so on ... so what you are looking at here is where
the clusters are. It isn't complete, it can't be. Anyone who tells you
they have the lowdown on every order and interest in the market is bullshitting mistaken in his mind ;-)