Hello traders welcome back to a new trading day. So yesterday not bad markets we can see some of the markets have recovered a small bit. Traders this is a challenging rest of this week as we have a lot of data today and NFP on Friday. I looked at all the charts and we hd some off track price action and some pairs worked great. Please be alert on your trades today as there are pips to be made, watch your fundamentals today very close. OK this pair we are looking at today is a commodity pair and we have to be alert to data when trading this so let us take a look at
AUDUSD- This is the 30 Minute chart. I am seeing that we are back are in the pullback phase as we approach resistance at price of 0.7020 where I would like to short this pair as I remain bearish and the current candle is above the 200 ema, So look to short at 0.7020 price zone. I will be looking to take profit at the daily pivot pint at price of 0.6981. We have data in Asia session today be alert to that no trade till after release.
Thank you traders and talk soon….William