AUD/USD stop-loss orders above 1.0450

There has been talk all day of sizeable stop-loss buy orders in the AUD/USD, but no definite levels had been forthcoming. This could be one of the old market tricks by big hedge funds, spread chatter about big stops above the market so that they can sell at higher levels? I’m not really sure, I just find it hard to understand why anyone would have large trailing stops above 1.0450, which is where they are now touted.

Best leave the AUD/USD alone in my view, there are more interesting trades out there.