AUDUSD 60m . . . same old, same old.

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
18 0 3
AUDUSD             still enjoying an uptick but I remain BEARISH on the pair . . . PRICE has already hit its 5D AvDaRa boundary at 70 points and there are obvious headwinds with the 38.2% retrace, both channels and former LOWS to the left. There have been scalping against the trend opportunities when PRICE pushed above the 100/200SMA 60m (blue and green lines) with the 10/20EMA looking positve in conjunction but these opportunities only present moderate value/risk to counter trend trade when actually piercing the SMAs.

Lots of people on a long TG weekend . . . thinner trade may exagerate any moves but otherwise it should be quietish with just a little Tier 1 news out in the UK in a few minutes.

Happy holidays . . .
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