AUDUSD rallies attract sellers at moving averages
The market for AUDUSD continues to attract sellers at the 50 & 100 day average rates, so although prices are unchanged on the week and although signals are not strong, for today they do have a bias to sell into strength.
Management and risk description
Stay square on the open, but sell the AUDUSD rally and then lower the stop to the entry point if the first target is met.
Entry: Sell at .7801, today's open in Asia
Stop: .7849, yesterday's high
Target: .7710, yesterday's low
Time horizon: Today only