There will probably quite a lot of volatility during the early Asian session tonight and early New York session tomorrow so anything might happen. It will probably be best to take such small profits as might be achieved before the Asian session begins tonight.

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You may go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 0.7293.

The USD is very strong everywhere and the AUD has been falling more strongly than just about any currency. The pair is slicing through support like a hot knife through butter. However there are signs we may be beginning to stabilize now at the support level of 0.7072.

Go short after bearish price action on the H1 time frame following a touch of the broken bullish trend line which currently sits at around 0.7245.

It is quite possible the price will bottom out but it is hard to see any good candidate levels that stand out before 0.7350. The round number at 0.7400 is a possibility. Ahead of tomorrow’s FOMC releases, prices might be quite unstable in general.

Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of the upper channel trend line, currently sitting at about 0.7750.

Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 0.7412.

Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 0.7412 or 0.7309.

Go long following some bullish price action on the H1 time frame immediately upon the next touch of 0.7379.

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