KarYong

2017 Week #16 - AUDUSD Short Bias

Short
KarYong Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
With the recent uncertainty in the global markets, we might see a risk-off pressure pushing the comdolls lower. Next week we have the RBA Monetary Policy Meeting Minutes.

COT is showing buy-side bias, but the index is at overbought -> cautious of longs.

This week trade plan is to look for sell opportunities.
Comment:

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