If NFP come shorter than expected market will narrow it's expectations about September rate hike. USD will fall. Aussie could be use recent positive tone to break short term trend and 0.74 level and go to 0.75 (target 1) or 0.76 (target 2)
After today's Carney comments GBP turned positive! I think after 150 pips upward movement there will be a little rebound! Enter long from 1.5560-1.5570 with target 1.5715! Stop 1.5515
More downside potential in USD/CAD if FED don't hint rate hike tonight! Target 1 - trendline Target 2 - May lows!
1 hour DXY charts shows Head and shoulders pattern! Price attempted to go above the line but whipsawed below it! Reasonable target should be 95.80 area!
0.7160 area should stop a couple for a while but I think after short retrace to 0.7210 the price will fall to the lower band of the pitchfork - target 0.710
Short NZD on retrace around 0.74 - 0.7420 for 0.7225! Stop at 0.7510
Isn't it time for Aussie to retrace a little of that last movement so we could enter short again?