After yesterday's national holiday Australian markets reopen and get back into it
Of course, FX never shuts, but the interbank will be back today, you want liquidity? here it comes.
Today we've got Q4 CPI data from Oz. We only get official inflation data 4 times a year, instead of monthly like the rest of the civilized world. Previews:
- preview of the Q4 Australian CPI data due next week, and what it might mean for the RBA
- Australia CPI Q4 released in the new trading day. AUD Technical levels to eye.
Orderboards (be wary of levels as we approach and over the data release, limit orders will be pulled, not all of them, but they will be diminished, while stops will be added. Happy days).
AUD/USD
- Sellers 0.7020 and layered to 0.7050, mingled with stops above 20 then again above 50. Sellers again 0.7100
- Buyers 0.6965/75, 0.6940, 0.6900. Stops below 0.6920, 10 and 00
Currently 0.7005
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NZD/USD
- Sellers 0.6530 and 0.6550, again 0.6600. Stops above 0.6600, though there are scattered stops above 0.6540
- To the downside from here, buyers 0.6400/20. there are stops below 0.6490 & 0.6450 and 0.6420
Currently 0.6499