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MisterFXGuy
Jun 4, 2015 1:29 AM

AUDUSD - Long - Iffy, ugly entry, but should be long in macro Long

Australian Dollar/U.S. DollarFXCM

Description

Consolidating before news release and this is hard to read, but I think the larger frames are exhausted for shorts. Considering the junk dollar, this might be a good buy, but is also an ugly entry.

I am considering entering a buy soon then seeing how it plays out into the resistance at the 382 confluence levels in the ballpark of 0.7935.

That being said, this pair should inversely the dollar
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