Hey guys,

Remember last night’s AUD/USD trade idea?

With the Aussie in a higher time frame bearish trend, this was the thinking:

AUD/USD Hourly

This is where you can see the pullback into previous short term support turned resistance that we can potentially enter on.

Well with Westpac, one of Australia’s big 4 banks, raising interest rates independently of the RBA, thus put immense pressure on the Aussie and this is the move we got:

AUD/USD Hourly

Happy days for shorts.

Peace ✌🏻.

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