IamBusinessman1rst-Trader2nd

AUDUSD - still worth keeping an eye on until Wednesday

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Monitoring AUDUSD on intraday timeframes to form a price cap. I don’t like the impulsive move on H1 into this zone, but D1 takes precedence and there might be shorting opportunities tomorrow during London session, providing there will be a valid price cap to confirm the end of this trend. However the RBA has not ruled out another interest rate hike for the February, and that needs to be kept in mind, and AUD might stay up at these levels until Wednesday's CPI numbers.
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