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EuroMotif

AUDUSD short based on Dovish RBA: AU scalp to hold?

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
EuroMotif Mod  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Supply and Demand Fibonacci
5
2
supportandresistance supplyanddemand fibonacci
Shorting AU based on Dovish RBA statement.
Was expected, but they have turned even more dovish than last meeting.
There was actually a bounce UP after the news, but I think that was short term stop squeeze.

The grey zones in main chart are from my Fibonacci Support and Resistance plots
AUDUSD Fibonacci Support Resistance Zones: AU as of Jul 11
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AUDUSD Fibonacci Support Resistance Zones: AU as of Jun 26
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