I expect that when we open on Sunday, the AUDUSD
will consolidate as some will want to push it up to the downward trendline
; if there is confirmation that it will continue lower, I will open a short position around 0.71100 and catch some of the downward movement. My inclination is bearish
, however if it goes up and breaks the 0.71500 downward trendline
, I will open a long position and catch some of the movement toward 0.7200 resistance.
Open at 0.71080