We saw an impulse lower after price hit our target at 1.52.
Now I like to see a consolidation and continuation, have a look at the bigger picture to see why I like to watch for the continuation. This might result in a weekly break out. Hence I want to trade it from intra day charts with my stop loss of 2% based on the intra day charts with the potential of a weekly break out. Since we are buying AUD swap will be in our favor as well.
Therefore keep an eye on this pair for lots of potential.