AUD/USD 4 Hour Chart Possible Short
There is demand at 0.7714-0.7725 area if anyone wants to enter short for about 80 pips but personally I'm staying away at the moment.
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Once price hits demand area, I'm thinking about entering long for a very big push.
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Price is continuing to fall as Frankfurt has opened up so keep your short positions and enjoy.
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Price is continuing to march towards demand area. Hold short positions and start moving stop losses to break even if you already haven't done so.
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New Zealand consumer price index having a negative effect on the AUD, watch for price to continue to go down. AUD news comes out in less than 3 hours.
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AUD RBA Meetings Minutes comes out in 30 minutes.