AUDUSD gives us plenty of clues whenever we record the key levels after major monetary policy changes or simply news related to the RBA. If we check these levels, also paying attention to levels generated from international events, like Fed news, or events like Brexit, we can get a clear picture of what is more likely to happen and what price has to do to sustain a bearish or bullish bias. If you have any questions let me know. For now, we're long, you can refer to my previous publication.
Cheers,
Ivan Labrie.
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The immediate support here didn't hold, I'm holding a risk free long from 0.7562 for now but closed higher add ons and cross pairs for now.
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I'm trailing stops to 0.7616 to protect profits. We should break higher immediately to get follow through. (maybe after the RBA speech). The alternate scenario is it breaks back below support, wiping out long profits, so better be safe, rather than sorry.
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Trailed stop to 0.76253. Serious move here, we'll keep trailing higher and higher until we're out.