Aud wage news at 9:30 pm est... I was in dd from r61.8 sells but was able to get out with little profit from r78.6 entries. Too unpredictable with the trade stuff so decided to get out and live to fight another day. Happy trading
Looks like I couldíve had some more gains, but.... hindsight. Itís found some resistance at the 61.8fib retracement from the wp. If it goes back to r61.8 (1.61586) I may jump back in with another sell.
AUD employment change and unemployment rate news @9:30pm est tonight. Expectation is 15.2k for employment change but Iíve read this is high and may print red. Currently ranging from around 6185-.6153 +-10pips. Think Iím going to stay on the sidelines for now. Happy trading
From what Iíve read, the part-time employment jump was a disappointment and so was the higher unemployment rate. This is causing fear the RBA will make a rate cut in June. Price has retraced quite a bit since the news..