AUDUSD with sideways movement at the moment, waiting for Rates...

  1. 338 Posts.
    AUDUSD   with sideways movement at the moment, waiting for Rates call at  2.30 pm  AEDT.
    Daily support at .667s,  20 pips away. Any Long trade would want a stop just below that area.

    A high risk Long trade off 4H would see me enter after 2.30pm, with a close above .6707
    First target .675, and a break above that to close last weeks gap around .683s.
    Highly unlikely with plenty of bad news around at the moment, and also fighting the trend.

    AUDUSDH4.png

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