audusd - be on your toes

I might lose the AU short trade, but daily chart is suggesting somewhere between 1.018 and 1.034 is a good shorting opp.

Good rising wedge, and is entering selling territory
Last of the highs diverge against the uptrend if typical

This supports a return of the USDi buying if that is what is happening -

AU daily


Short EU doing OK - looks convincing
Long UC not convincing
Will watch for long UJ if a headfake low appears on Monday

Will be some interesting gaps Monday I think, but the daily patterns are more interesting - suggesting a change in the winds.

Build up positions if necessary, you will lose plenty on the wrong entries here. Might be a week to 2 to become clear, or it might happen straight away.

A turn from around these areas should be fairly lengthy. Don't be caught flat footed.

USdi might have found a bottom. Watch what happens next week - you should at least have that long.