Hello traders we are back with a currency pair analysis and I have to say I do not like anything in the market at the present time as I do this in the Asia session. Yesterday was so slow and the congestion is making our trades a challenge. I have picked the AUSUSD for today looks like the best option so here we go I am looking for a bearish move and a pullback to resistance at the price of 1.4721 and a bearish candle with conformation and we can enter the sell trade. I would like to take profit at the support level at the price of 1.4650.
Traders I have to say we might be sitting on our hands until the U.S. session as they have three high impact news today and that is it all day. Be alert and protect yourself.
Thank you traders and we will talk with you soon……William