After last weeks successful short on AUDUSD from 0.71 down to Novembers low (blue dashed line) we sat out whilst it bounced back to 0.71 resistance level and looking to RELOAD our short here again.
The bounce has taken us to 60 area again on RSI- as per chart we have sold off at similar levels from here- looking for a retest of Nov low before seeing a break down...
Fundamental Opportunity
With the RBA meeting minutes coming out next week and the recent data from the USA I am expecting this currency pair to head back down to recent support levels. The RBA kept rates on hold in the last meeting but I expect them to leave the door open to further rate cuts and the December rate hike for the US is still on the table giving us...
