FX:AUDUSD   Australian Dollar/U.S. Dollar
1638 8 71
If you recall, the RBA statement was relatively neutral with the central bank saying "recent data suggest that overall growth is continuing, despite a very large decline in business investment, helped by growth in other areas of domestic demand and exports. Labour market indicators continue to be somewhat mixed, but suggest continued expansion in employment in the near term."
Technically speaking, this pair remains for us a great trading opportunities in the short and medium term ( bullish and bearish ). We look at today's close before taking a decision, and if the conditions are met, we will enter in the market. At the time we look at the American session.
If this idea is attractive to many traders, we will post an update later ...

Thank you for your support and trade with care!
Comment:
snapshot
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What is next....thank you.
+2 Reply
Thanks for sharing :)
+1 Reply
It depends on continuing bad US News?? Perhaps sideways CHOP?? Sideways & break the channel and short... ?
+1 Reply
.7660 is a Resist level.
+1 Reply
Thanks Carlo. Your ideas are spot on 99% of the times.Unbelievable!
+2 Reply
thanks. aud start to fall!
+1 Reply
Any update on this. I am interested in the downside. Thanks a bunch!
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