AUDUSD correction before bearish continuation
US GDP out today and AUD interest rate decision on Tuesday local time (highly unlikely of any rate change), If GDP is worse than expected look for a retracement towards the fibo 0.38% retracement level before continuation of down trend. Value sell around 76.800 tight stop above, look for a positive risk reward ratio.
Order storniert:
No significant pull back after the interest rate decision on Tuesday. No value in getting short at this level. Order cancelled