AUD Levels/Orders today
- Offers 1.0505/10 (stop me if you’ve heard this one before)
- and again at 1.0525, with stops above there.
- There aren’t any scheduled news/eco releases for today to provide a catalyst for a sharp rally (there is NAB Business Confidence, but its not a huge mkt focus)
- On the downside, bids at 1.0470,
- and again at 1.0460.
- At 1.0440 there are even more.
- The downside looks more of a risk for a move today, but with those levels in place the most likely scenario is a range-play day.
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