Plenty of news around the RBA meeting coming up next Tuesday, and its moving the AUD (in the overnight at least):
- Australian press: RBA ” will almost certainly” cut rates next week
RBA rate cut on Tuesday? It might ignite the property market again
And, given the movement yesterday and overnight much of the book has been cleaned out in the price area above current levels. But. here what’s happening ….
AUD/USD
- Sellers 0.7940/50 then 0.7995/10
- Buyers 0.7875/85, 0.7850, mingled with stops below 0.7875
Currently 0.7900
–
NZD/USD … also a pretty clean board to the topside for now
- some sellers 0.7350/60 then 0.7400/15 … but size isn’t large at present at least
- Buyers 0.7300/15, stops belwo 00, some buying then 0.7250
Currently 0.7342
