long positioned opened from the bottom of the line ....aud has been very weak recently ..this pair initially rallied to the 740 range a few weeks ago but could not hold on ...positioned was closed as the price reversed on both occasions.
news today from the chf member is a comment about rates not looking likely for a while so we should get some rebalancing here from the demand zone .
stop loss should be around the 72500 area ..reason here is this pair reacts to the trade news and sometimes swings about ..looking at a tp of 7500 area
as always keep a eye on the data ..will update as this comes along
news today from the chf member is a comment about rates not looking likely for a while so we should get some rebalancing here from the demand zone .
stop loss should be around the 72500 area ..reason here is this pair reacts to the trade news and sometimes swings about ..looking at a tp of 7500 area
as always keep a eye on the data ..will update as this comes along
Comment:
bit of pull back on friday which sets up nicely for the next rally ...aud data on Tuesday....but with a weakening chf ...we should be okay here for the upper targets