Dave-FX-Hunter

AUDUSD waiting for the pullback and bearish candle

FX:AUDUSD   Australian Dollar / U.S. Dollar
waiting for the pullback to enter the short position. Banks have rapidly reduced longs on the AUD and they built big shorts. Last week we could see big profit-taking from shorts. If there will be a pullback and strong bearish candle in my levels I will short it. If we check the USD positions, we can see huge growth in the longs and a massive reduction of shorts. USD is bullish and it can be a driver of this move down.

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