Below is AUDUSD. This is a pair that rarely trade, and almost don’t care about this pair. But some of my friends did asking about this pair, especially when AUDUSD flying high…. seem bearish did not exist in this world 😉
The price is testing upper trendline.. so I believe, the best short attempt should be whenever the price hit the red trendline. It can be a short for retracement, or maybe a reversal. But I think it is better to stay away. haha
And the same goes to EURUSD. The same guidelines apply. But be careful, European interest rate increased on yesterday to 1.25% from 1.00%. Ahaaa.. I will try to short at… around 1.4500 or 1.4550. Wait ya.. wait.
PS: Do you know about latest Maybank promotion that will give you 5% cash back for your expenses?