S1S Trade on AUDUSD – Jan7


AUD still very weak.  USD is not one of the strongest currencies right now, but it is showing significantly more strength than the AUD.  There has been a 150-200 pip retracement over the festive period.  Decent bearish 4H corn-trade just completed.  No major AUD or USD news today.  Stop above previous high.  1st target just above prior lows.  Risk now at £200.

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