Long for 100+ pip Bounce Daily RSI at 17. USD Strength and AUD selling overdone. While the trend is new the speed is too quick with a very rare RSI on daily and rising RSI on 4 Hour. Orders at 0.9750 should hold on Friday 17th May. Bernanke Speech over the coming weekend may adjust the markets expectations of tapering of QE3.
Great Risk Reward at these levels!
Great Risk Reward at these levels!