AUDUSD - Weekly Levels - Loading up for a Move

AUDUSD is poised and should be closely watched for the following trades.

Only risk 2%.

Put 1% in on Breakout on either side and then add the rest 1% after a pullback.

Both trade setups offer very good risk and reward.

With so many important events for USD, big movements may happen. Keep risk in control and try to take benefit of movement on either side.

Comment:

A Breakout and pullback happened at Weekly Channel Support, followed by strong selling till the next support. Last week's candle was a strong rejection but the weakness might come again.

Keep an open mind.