A very simple trade today in the AUDUSD as it failed to remain above its Asian session highs – after the poor JOLTs job openings release in the U.S. session overlap.
A short was taken risking 6 pips for a potential 49 pips to our daily target at .7098. Price moved lower to test yesterday’s high where it went sideways and the trade was closed at the end of the U.K. session.
Wednesday will be a busy day new wise as we have the ECB, FOMC and crude oil inventories…with oil being very topical of late.
Good luck with your trading!
