FX:AUDUSD   Australian Dollar / U.S. Dollar
On my manual resistance, as it broke out of the psychological zone over the Asian market. The Asian session has been bullish over the evening and this could potentially be the first leg on the 15 min time frame, as well as 4 hr time frame for a M formation. Both AUD and USD are strong on the currency strength and Red News will come this afternoon, for AUD this will be Thursday morning.

DXY is also bullish , which may also help this trade see a further drop.

Comments

alternative way to play AUD weakness is vs NZD and cuts out the risk of a dovish Fed meeting later tonight

Just an idea!

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Umar_Suh forexTrdr
@forexTrdr, that went perfectly!
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Dukascopy Umar_Suh
@Umar_Suh, That is why there is SL.. not all TA go 100% as plan.
Yesterday was FOMC meeting :)
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Umar_Suh Dukascopy
@Dukascopy, Of course!
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