AUDUSD 4 HOUR CHART SHORT

8 mar 2015

I'M ALREADY IN A SHORT POSITION BUT IF PRICE RETRACES UP TO MY SELL ZONE I WILL LOOK AT PRICE ACTION TO ADD IN ANOTHER POSITION AND TARGET 0.75000. I STRONGLY BELIEVE WE CAN GET TO THERE IN THE SHORT TERM BECAUSE THE LABOUR MARKET IN THE U.S KEEPS COMING OUT GOOD WHICH WILL HAVE INVESTORS/TRADERS SPECULATING A RATE HIKE AS EARLY AS JULY. ON TOP OF THAT AUD CURRENCY IS STILL OVERVALUED AND THE AUSTRALIAN GOVERNMENT SAID HE.LL LIKE TO SEE AUD REACH 0.75000 WHICH IS ADDED CONFLUENCE THAT ITS ONLY A MATTER OF TIME UNTIL WE GET THERE. AUD IS DOVISH WHILE THE FED IS HAWKISH SO WE'VE GOT A GREAT DIVERGENCE ON THIS PAIR.