This one got away from me last Friday when I didn’t take a very strong sell signal at 1.0530! I have watched it closely and again missed an opportunity to enter near 1.0380 yesterday. Today’s imminent break of support and with gold/silver turning down again ahead of the weekend means we will see another leg lower in the AUD. This level also offers a tight stop level, so here I go:
Short $40/pip AUDUSD at 1.0280, SL at 1.0320.
Target? who knows, lets see where the charts bottom!