AUD,NZD/Flows and Orders

AUD/USD: Inching higher; updated info on orders

AUD/USD is making marginal new highs above 1.0410 but dealers say that the stops above 1.0415 are not particularly huge and are being somewhat offset by more selling interest at 1.0420/25.

AUD/JPY is also fast approaching technical resistance at 83.55, so we can expect sellers ahead of the level and stop-losses above.

  1. Overall I’m bullish Pete but I’m not 100% on entry/exit levels. I still expect the RBA to concentrate more on AUD levels next Tuesday which could send the AUD sharply lower in a hurry. In s/t, sure it could go to 12350 quite easily depending on jobs numbers, if risk is fully on then the AUD will benefit, no doubt++

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