After a day of consolidation it may be a similar session ahead as we approach Friday’s NFP reading. The Aud could be busy given the heavy data schedule although there is little clue in the charts as to any possible direction against the dollar. The medium term uptrend of both GbpAud and Eur Aud looks as though it may continue, so buying dips is preferred.
Elsewhere, Stocks look a little heavy today although the longer term uptrend remains intact, but rather precarious at these levels, I suspect.
*Trade of the day: 12/5/2017 7:24 AM (AET)……
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.
Buy GbpUsd @ 1.3400. SL @ 1.3320, TP @ 1.3550
Buy US$Chf @ 0.9820. SL @ 0.9780, TP @ 0.9920
Sell AudUsd @ 0.7620. SL @ 0.7655, TP @ 0.7550
Buy GbpAud @ 1.7650. SL @ 1.7570, TP @ 1.7800
EurUsd – Range trade 1.1800/1.1900
US$Jpy – Range Trade 112.20/113.10
NzdUsd – Range trade 0.6800/0.6880