8H AUD/USD LONG

CFTC data shows that banks have significantly decreased their short positions and have been building longs. When you also take a look at the DXY chart, it is nearing resistance and I anticipate DXY to go down. These two combined make for a good long position on AUD/USD seeing as how we are now at a good daily support zone . I am going long up to the indicated resistance zone .

Trade closed: stop reached