FX:AUDUSD   Australian Dollar / U.S. Dollar
Price stalled at the 200-4-hour moving average and the .75 level.

The R/R favors a short position, IMO.

My only hesitation are the two events that are tomorrow. The FOMC and the AUD employment report.

Might be a good spot to sell for a day trader, but my time frame is longer and I believe the risk is too great.

Agree/Disagree? Let me know in the comments below.


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