AUDUSD D1 - Short from 0.6900

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AUDUSD D1

Another setup here which involves the USD. We had previously been looking to catch longs from this 0.67 handle price. We pulled back somewhat on the H4, but not quite enough to trigger our 0.67 alerts. As we start the fresh trading week, we are extended higher, with targets on that 0.69 handle.

AUDUSD could be offering a monster 200 point trading range here. From 0.67 to 0,69, with lots of void in between. Therefore fairly fast paced, directional trading for this instrument (typically a bit rare due to AU's slow trading nature).

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