The Aussie was basically rejected by MS2 at 0.7228 though it went lower than that, making a false breakout. My opinion on that is that the MS2 will be retested and a rectangle
pattern could develop on the 4h and daily chart
. The pattern could be between MS3 (0.7144) and MS2. On the long run, however, I see 0.7000 and lower if RBA and FED interest decisions will go into opposite directions. My goal is to short with entry width: 0.7341 - 0.7404. TP1 is 0.7235. TP2 is 0.7156.
Lots of winning pips to everybody!