Small move in AUD after the US news. The EUR, CHF, AUD and NZD traded sideways awaiting the US ADP Non-Farm Employment Change. I liked the AUD reversal that followed and a short is taken. With a 15 pips stop loss our Reward to Risk was 3:1 to our Target 2.
Price retested the session high once more before moving down, but lost its momentum near yesterday’s lows.
Lots of economic news releases over the next 24 hours to come.
Good luck with your trading!
Back tomorrow if we find a trade – otherwise back Tuesday.
