Bearish Australia CPI an AUDUSD sell trade opportunity?

By April 27, 2016Uncategorized

Well, after the bearish news the first chance to sell was 0.7700.

The RTG (room to go) down looked like about 0.7677 but that would be for a “normal” day.

This is a news day so perhaps another 30 pips down is reasonable.

Bottom line: Assuming a stop loss above the pre-news price (say 0.7770).

About a 50/50 bet.

Turned out to be a good sell as AUDUSD reached 0.7580 (not shown here)