Short AUDUSD .9780.
Aussie got a nice boost by a jump in gold prices, and not horrible news out of China.
Right now there is three lower highs on the 5M chart. Also, the AUDCAD is at a key resistance point (see chart). I don't trade this pair, but I do use it to help choose whether to trade the Aussie or Loonie.
Will close the trade if the hourly closes above .9810 (previous high).
Aussie got a nice boost by a jump in gold prices, and not horrible news out of China.
Right now there is three lower highs on the 5M chart. Also, the AUDCAD is at a key resistance point (see chart). I don't trade this pair, but I do use it to help choose whether to trade the Aussie or Loonie.
Will close the trade if the hourly closes above .9810 (previous high).