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Eyeing Sell Set-Up At 1.0310 In AUDUSD

|Includes:CurrencyShares Australian Dollar Trust ETF (FXA)

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

(click to enlarge)Click to enlarge

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.

Stocks: FXA