AUD Long with Bullish Divergence (RSI)

See callout bubbles. The Bullish divergence on the RSI looks pretty solid here with this one. Price is just playing with a trend line that can be quite easily on the W chart.

Comment:

AUD rate decision tonight at 10:30 EST may speed things up a bit. I'm thinking that being Long is being on the right side of the trend that is developing!

Trade active:

AUD appreciated on news the other night, but has since sold off and price is currently in our level. Obviously, we want to see some USD weakness to boost the AUD a bit. We're really trying to get in early with this trade so that we can see some nice profits.

I want the price to move up tonight and tomorrow so that we have some room before the big event risk on Friday morning.

Will USD non-farm payrolls help us get to those higher areas in the market? We'll see ; )

Comment:

This one busted us out for a small loss. No biggie ; )

Always measure your risk and be okay with being wrong ; )