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Flash: AUD order book getting very loaded up at 88.00 - NAB

FXstreet.com (Barcelona) – With liquidity very thin, AUD and NZD have taken another leg lower in early Asia, with NAB now reporting “the Aud order book is getting very loaded up with bids from various sectors on the 88 handle.”

NAB thinks that despite their core USD long, AUD short view, the declines will be slow rather than a collapse, noting “we are cautious to add to our core Aud and Nzd shorts down here this morning, and feel that natural local demand will avail us of more attract levels to short later this morning.”

“We may well see some …read more