Long for 100+ pip Bounce Daily RSI
at 17. USD Strength and AUD selling overdone. While the trend is new the speed is too quick with a very rare RSI
on daily and rising RSI
on 4 Hour. Orders at 0.9750 should hold on Friday 17th May. Bernanke Speech over the coming weekend may adjust the markets expectations of tapering of QE3.
Great Risk Reward
at these levels!