- Solid bids reported around .9850
- Stops just below this level
- Heavy stops below .9800
- Light offers .9920/25
- Solid offers .9950
Interbank dealers still expect a rangebound AUD/USD but there are heavy stops on the downside in particular. One very experienced trader told me this morning that these stops will be worth 200 pips, in other words if .9800 breaks then we’ll see .9600 very soon. Personally I’ve been caught out too many times trying to sell the AUD/USD so I’m going to give this one a miss.