AUD/USD hit 0.781. Question is, are we looking at a possible resistance? That would mean a potential retracement to 0.775. However, it is on an uptrend, so it might be a resistance turned support. We'll have to wait till tmr/next week to confirm. As of now, it does appear that we might consolidate with 0.778 as a middle ground. A risky me might go for it, but I'll stick to the mon-wed rule for now.
0930hrs saw Australian Economic reports having a 20 pip whipsaw effect. Sometimes I'm so tempted to just give it a go at 0929. Haha... Well, let's just stick to the system yeah. No trading during news releases. Trade safe!
Yours,
X
No comments:
Post a Comment