AUDUSD looking to relax back to sensible retracement area

The AUDUSD has had an extended run up late last week, Fridays push from 7385 to 7520 in quick time looks an exhaustion play to let the pair recover to a more structured retracement level. Short play with generous stops to 7385 is on the cards.

Kommentera:

Important thing I forgot to mention, generous stops must come with smaller trade size.