AUD/USD gradually lost all it gains from poor US employment after release of AU Cash Rate and RBA Monetary Policy Statement. Here is what I see on H1 and how I am trading it.
The pair has returned from a natural resistance area on D1 (see the last graph in this post). The very first support is 0.6505 which is 50% of the most recent upswing and also mid band of Bollinger. The next immediate support area is 0.6470 - 0.6480, a confluence support made by the natural swing low support and 61.8% of the most recent upswing. These levels are my targets.
If Aussie starts rising and closes above the natural resistance shown in the graph below, I will exit with loss.
