Alright guys... so this NFP was a real test of the nerves. Where do we stand?
Shorts from 0.93882 can cover stops to 0.93157.
What we're looking for... a neat close below 0.9222 (which is the low of previous NFP). Looking at past candles around NFP, it will take a day or two for price to hit the target. We're looking at 0.912 - 0.915.
Next update closer to RBA's meeting.
P.S: Congratulations if you have held on to the shorts. EURAUD is also proceeding to its retracement target as expected.
PPS: Next week, it should be time to start looking for AUD longs
Shorts from 0.93882 can cover stops to 0.93157.
What we're looking for... a neat close below 0.9222 (which is the low of previous NFP). Looking at past candles around NFP, it will take a day or two for price to hit the target. We're looking at 0.912 - 0.915.
Next update closer to RBA's meeting.
P.S: Congratulations if you have held on to the shorts. EURAUD is also proceeding to its retracement target as expected.
PPS: Next week, it should be time to start looking for AUD longs
