Hello traders! My first published idea, so please take it easy. With that said, I encourage any thoughts.
With such a sharp move on Friday across all USD pairs, I suspect a retracement of some kind on the shorter time frames. Overall, I have a bearish opinion of the Aussie stemming from poor fundamentals. However, a bullish opportunity may arise if there's a clear break above .720 zone. If a rejection is made in the .720 zone, a selling opportunity may be in order with support in the .700 zone.
Tuesday will offer volatility and a clearer picture as the CPI reports are released.
Hope to hear from some of you and happy trading!