AUD/USD 26 JULY 2012

AUD/USD - follow me on twitter @fxdailyforecast and stocktwits.com/fxg

We have a definite 786 bounce on this pair.

FOR TODAY:

We have a DA786 trading day where we are looking to buy after dips followed by bullish cs formations.

If we don’t get the setup we are looking for then we don’t trade.

SHORT: Will be going short only IF:

No trade setup for a short until 1.0385 is reached, where after we will look for bearish cs formations.

If we don’t get the set-up we are looking for then we don’t trade.

LONG: Will be going long today only IF:

We have a DA786 trading day where we are looking to buy after dips followed by bullish cs formations with limits set at 1.0375.

If we don’t get the setup we are looking for then we don’t trade.