More pain to come for AUDUSD and its risk on friends.

There is going to be more pain to come for AUDUSD and risk on assets across the board. Next week we will expect to see more hawkish tone from the FED and this will push markets lower. After that I expect to see some sideways indecision and the markets to start reversing to the upside in March after the fed starts to raise rates. We will set up to for a short at around 0.71, this is level where I see a strong dump to 0.675.