Published at 01:36 (GMT) 10 Aug
AUD/USD at 1.0565-68 from 1.0571-73, relatively stable after the RBA statement - where RBA upgraded the economic outlook, but at the same time warned on the high AUD/USD.
AUD/USD now vulnerable to downside, after RBA warning, not surprised to hear more RBA commercial selling interest (to cap high AUD?) Bids at 1.0550-60, but stoploss below 1.0545-50. Though still likely to hear sovereign, Asian, reserve managers, Swiss, German, European and local exporters, miners bids ondips to 1.0500 lows and more below. But stoploss below 1.0500 - coudl see more downside risks.
AUD/NZD at 1.3015-20, remains bid after yest's stronger Aussie jobs vs weaker Kiwi jobs data. But offers at 1.3050/1.3100. Bids at 1.2980-00 for now. Stoploss on break of 1.2980 again. WL