Short AU based on bearflag break

break of bear flag on 4hr
target 0.69157
stops above the flag at 0.7080

Commento:

expect some resistance at .70230 (previous support level). we may see a bounce to test the bottom of the flag.
if the level gets broken and held I will add to my shorts.

Commento:

that reaction to the expected resistance was definitely there and the bounce was strong and came close to my stops. still short at the moment

Commento:

ok, so that really good number for Oz employment data threw a bit of a spanner in this one and I got stopped out. looking to see how reaction is at the 0.7150 levels to possible re-enter