Long biased on AUDUSD, however with NFP coming out tomorrow, i think we are in for a short. We may see a double top here before the news, but if NFP is good as analysts are expecting, we should see price come down to .7430 levels before bulls come back in and send this back higher.
Comment:
Double top setup. Watching for price to make its way back down. News was a bit confusing as NFP was good, but unemployment bad..made the dollar go down. However, we look at the charts and don't focus on the news too much. So, so far so good on our setup. (btw, dollar still looks like it's going to go up, just didn't have the impulse as I was expecting...maybe next week).
Comment:
Gapped down premarket while other pairs like EU and GU gapped up. Early indication of the downmove here.
