The AUSUSD has given us a brilliant short opportunity having produced a pinbar, bouncing the pair right off the 200MA and now back below the 50MA, after having fallen back below the yearly opening price. We are however approaching the historically volatile area that is 0.70500.
For those that want more security I would recommend entering this trade once this level has been successfully cleared.
I would also like to point out that with the Feds Janet Yellens testimony right on the horizon we could experience alot of pre positioning and position adjustments taking place so beware of sudden and unexpected bursts of volatility.