News event that could affect this trade:

. (AUD) Retail Sales
. (CNY) Trade Balance
. (USD) ADP Employment Change


AUDUSD bears rightfully sold at MM3 , beginning of the month. As a dollar bull, this would be a great swing trade opportunity for me with profit target at MM1 (0.7500).


Price is consolidating on 4hr. I'b eyeing 4hr role reversal area in confluence with 38.2 -61.8 and WM3 as my sell zone. Alternatively, if price spikes away from this level, I'd consider selling the breakout trade at the break of the trendline.

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