Minutes, dovish minutes and weaker than expected US figures were going to continue pushing this
pair higher, the highlighted pullback might offer an opportunity to enter a long position if and when the trend hooked
upward to resume its northern trajectory.
However, I also mentioned that a note of caution was warranted in that China’s trade balance figures for September
were scheduled to be released and that it could have a significant effect on price action.
As it turned out, the economic news seemed to be significant enough to reverse the trend (though I was expecting
such a reversal for the past two days), so I will now be looking for opportunities to short that Aussie-U.S. dollar on
pullbacks, setting my stop losses at the last local high and my profit targets at the most recent low.