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The phrase "is currently preparing" is correct and usable in written English.
You can use it when you need to express that someone is in the act of preparing something or getting ready for something. For example, "John is currently preparing for a presentation he's giving tomorrow."
Exact(57)
(Ironically, one of Hollywood's most conservative directors, Steven Spielberg, is currently preparing a film about the conspiracy trial).
Maude is currently "preparing the Conservatives for government".
He is currently preparing a book on minority presence.
My 12 year old is currently preparing to take their GCSE in Maths.
See also PickupPal.com, another Canada-based site, which is currently preparing for a late-2013 relaunch.
The band is currently preparing to unleash its new album, "The Sun & the Moon".
Mr. Tunick is currently preparing the revival of "Nine" for Broadway.
The company is currently preparing plans for two ways to stop the leak, it said.
Similar(3)
Flow State Media is currently preparing a "fresh take" on social casino games for release later this year.
Hud is currently preparing the first-ever national study of sexual orientation and gender identity discrimination in housing.
Wieder is currently preparing a book for future publication with a remarkable celebrity and working on a new website.
More suggestions(17)
is currently implementing
is presently preparing
is currently bracing
is currently assisting
is currently ready
is currently prepared
is at present preparing
is in the process of preparing
is currently developing
is now preparing
are at present preparing
is in preparation
will prepare
is prepared by
must prepare
is also preparing
is preparing a
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com