*Trade of the day: 11/16/2017 7:40 AM (AET)……
There seem to be a variety of opportunities today with the Euro and the Chf looking as though they may have seen a short term top, while the yen appears set to remain in demand against both the US$ and the Aud$. The Aud looks weak on almost all fronts although that will be decided by today’s jobs data.
US Stocks look increasingly heavy, which will ensure that demand remains for the yen as risk positions are cut back, while the local stock market appears set to head a little higher in the near term which may provide a better sell opportunity.
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.
Sell AudUsd @ 0.7615. SL @ 0.7680, TP @ 0.7570
Buy GbpAud @ 1.7300. SL @ 1.7200, TP @ 1.7500
Sell EurUsd @ 1.1830. SL @ 1.1885, TP @ 1.1700