AUDUSD seems to be at breakout point

AUDUSD looks like a short, trading at important pivot level, if price breaks down and can hold below, support should turn into resistance, not much on fundmentals next week, the week after there is cash rate and statement for RBA, so that is to be looked out for, next week traders trading into that may be looking to use this week to prepare.

Kommentera:

If unsure can layer on long nzdusd, as a spread trade and be USD neutral, currently status is coiling on audusd, seems support is holding for now on h4