Dollaro australiano / Dollaro
Short
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AUDUSD Post CPI Data, Where Next?

411
Hey Traders,

After significant downside movement for a long period of time, the AUDUSD is rebounding on US data regarding inflation.

Rate rises in the US look less likely, so the longside bias is subsiding.

Here's my take on it's direction.

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Shorting impulse + further entries higher.
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Holding bias.
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Still holding shorts. No RE entries until higher.
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Further entries nearer 0.66
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Light Shorts OK now for entry 1
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Maintaining short alike NZDUSD.
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Out of shorts.
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Re shorts.
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Exit for gains. Only re entries above prev high at long term M resistance.
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Light shorts currently Alike NZDUSD
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Also be careful of trading this AUD and others at the same time

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