AUD/USD Long entry 0.9760 and stop 0.9720 Take Profit 0.9930

Long for 100+ pip Bounce Daily RSI at 17. USD Strength and AUD selling overdone. While the trend is new the speed is too quick with a very rare RSI on daily and rising RSI on 4 Hour. Orders at 0.9750 should hold on Friday 17th May. Bernanke Speech over the coming weekend may adjust the markets expectations of tapering of QE3.

Great Risk Reward at these levels!