AUD/USD extends rally; sell orders, buy stops, barrier option interest all noted

Author: Gerry Davies | Category: Forex Orders

We’re presently chewing through aforementioned aussie importer sell interest in the 1.0470/80 area (orderboard). Talk of some buy stops through 1.0480 (slightly strange place to put them if you ask me, but hey ho) before defensive  sell orders 1.0490/00 ahead of 1.0500 barrier opption interest.

We’re at 1.0472 having been as high as 1.0477.