ashfaq.hussain.duggal

Less Dovish RBA and weaker US Wage growth may reverse AUDUSD

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Aussie gaining back the loses it made owing to Trump rally. Furthermore pair is carving out inverse H&S. We expect a pullback/correction before a bigger a long trend . RBA been least dovish as compared to other central banks. Chines figures are also posting steady growth after a shakeup in 2016. Pair sold multiple times from .7760 area since May 2016. If prospective right shoulder take out 77.60 area wait for correction to enter long.
Trade with patience and care...

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