A lot of AUDUSD buy orders have been filled today down to 7050. There are more buy orders scattered all the way down with some good exporter bids at 7000. AUDNZD buyers around also lends AUDUSD support, as NZDUSD traders look to lighten up long positions before RBNZ’s(tipped 50 basis point rate cut) announcement this Thursday. Traders feel the AUDUSD has retraced quite a bit and are happy to buy between 7000 – 7040 for a move back up to 7150-80. I feel the same, Im a buyer with a stop under 6990.