FX:AUDUSD   Australian Dollar / U.S. Dollar
LOTS OF SELLING PRESSURE ON THE DOLLAR AT THE MOMENT BECAUSE YELLEN WAS QUITE DOVISH IN HER SPEECH CAUSING THE MARKET TO PUSH BACK BETS ON WHEN THE NEXT RATE HIKE IS GOING TO TAKE PLACE. THE FED SAID THEY ARE PAYING CLOSE ATTENTION TO INFLATION AS THEY WANT IT UP TO THE 2% MARK. THE MARKET WILL BE VERY SENSITIVE TO INFLATION DATA IN THE COMING MONTHS. IF CORE CPI COMES OUT BAD (BELOW 0.1%) I WILL BE BUY AUDUSD AGGRESSIVELY TARGETING 0.80000. ON THE FLIP SIDE IF CORE CPI COMES OUT GOOD (0.2% AND ABOVE) I WILL SELL AUDUSD TARGETING 0.77000.
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