AUDUSD short Idea: AU resistance zones to watch
AU got a couple of boosts early in week.
First on some supposed progress on Trade Wars.
Then from the RBNZ with a not-so-dovish stance.
I expect the Trade War optimism to be walked back as usual.
And the RNBZ bump is not deserved for AU, maybe not even for NU.
The Dollar did need a pullback, so this bounce was expected already.
Now looking for shorting opportunities to walk it back down.
I have already entered a small position at the ''Aggressive" entry point.
I hope to fall a little from the 1.618, but really want the ''Ideal" entry point.
First on some supposed progress on Trade Wars.
Then from the RBNZ with a not-so-dovish stance.
I expect the Trade War optimism to be walked back as usual.
And the RNBZ bump is not deserved for AU, maybe not even for NU.
The Dollar did need a pullback, so this bounce was expected already.
Now looking for shorting opportunities to walk it back down.
I have already entered a small position at the ''Aggressive" entry point.
I hope to fall a little from the 1.618, but really want the ''Ideal" entry point.
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