AUD,NZD/Flows and Orders

AUD/USD: More stop-losses on downside and lack of Sovereign buyers

AUD/USD broke below previous-highs-come-support at 1.0510 and quickly triggered decent sized stops below 1.0490. There are more stops awaiting at regular intervals starting below 1.0450. They may well come into view quite quickly as, with holidays looming, reserve-manager and other Sovereign bids are not expected to appear.

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