DislikedI am flat on this pair.. Have one long on geppy at 123.30 from this morningIgnored
Aud is more then likely to be above 1.00 for most times. too expensive to keep shorting it, the big players want us to think to short it, and they will continue to only push it higher.
on 4 hour previous PA 1.0478 area is still valid and strong. More ranging to expect from this pair until a clear breakout from 1.0610 or 1.0435.
I think most pairs will be gaining for the next few days, USD is really weak now, due to the fact stocks are gaining new high and ignored risks. Indices still hopes on QE, more on robots doing/big movers.
If anyone had noticed! The bounce from support is really fast compared to the selling momentum, the bigger TF still says up. So short in 1.05-1.057, do short with care .
Long scalps from support area is recommendable.
1.0650 is my next likely entry for this shorting. Not to forget that each wednesday is x3 negative swaps about 45$ for 1 lot, thats 4-5 pips.