By closing above the high of the lowest closing candle on the 4-hour chart, #AUDUSD opens the door to a test of that sell zone bracketing 1.03. Stock market and #USDJPY strength support this micro thesis. Aussie CPI in 1-1/2 hours puts us on hold and #RBA Deputy speech at 11:30 PM EDT keeps us there. #forex, #trading
Jay Norris is the author of the best selling The Secret to Trading: Risk Tolerance Threshold Theory
Trading involves risk of loss and is not suitable for all investors
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.