AUDUSD: Overbought Stoch and at resistance - pullback
This is an area that I wanted to get short from yesterday.. I like the resistance..but the fundamental news coming out on 30 minutes could DESTROY this trade.
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The Australia currency has been slowly funneling down. If the US Dollar keeps strengthening...then this AUDUSD make a good pair to short and maintain short...I expect daily trendlines to break on the AUDUSD pair, in this case (not shown).
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Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
