No important economic calendar from Australia, our focus would be on the 28th dec, lets see how the italian bonds auction perform.
General direction : Bearish for Aussie.
26 dec boxing day, light volume continues as major banks on holiday. Any attempts of AUD/USD to breakout 1.0170 could present us a chance to short on any pullbacks offered. Let see once it goes when market open in few hours time.
For any significant breakdown of Aud/Usd, 1.0130 . Trade call , Short Aus/ Usd . Take profit 90 pips(1.0040). Stop lose : 1.0190 (60 pips).
Last night aussie move down strongly, i hope everyone taken profit. Use my price level as reference ; ) +90 pips.
ReplyDeleteReason for the strong USD buying . Iran blockage of oil canal and Euro fear on next day 10 yr Italian bonds auction.
High oil prices derails everyone. dampen investor risk appetite. Cheers, happy trading everybody
Regards,
PipsFarmer