Heavy US dollar selling the theme so far
US dollar sales are accelerating as stocks come under more pressure.
AUD/USD has risen to 0.7450 from as low as 0.7341 in Asian trading
- Medium-sized offers at 0.7450
- Offers at the July 15 high of 0.7489
- Strong offers at 0.7500
- Buy stops above 0.7530/33
The RBNZ decision is the big event coming up later and it will likely jar the kiwi and Australian dollar.