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.