AUD/USD
AUD curve is downsloping. Shorts are found below 0.7428, 0.7414, 0.7409, 0.7406, 0.7405. Shorts below 0.7405 targets current range bottoms at 0.7356 and 0.7348 then 0.7284 and 0.7257.
Above 0.7428 targets 0.7455 and 0.7463. Then 0.7528 and 0.7554. Ranges are found between 0.7554 – 0.7348.
Never trade between above points 0.7405 – 0.7428. Strategy is short, sell rallies. Overall shorts are fine below 0.7665.
Brian Twomey Inside the Currency Market, btwomey.com
BRIAN TWOMEY ON TRADING 