With the employment data out tonight, entering a sell trade with the stop above 0.81 - 0.82, is a good risk/reward opportunity. The fundamental reality is that the US economy is growing leading to higher rates, while the Australian economy is slowing with the RBA trying to lower the exchange rate.
On the technical side we have a MACD crossover and a bounce off the top of the upper bollinger band
On the technical side we have a MACD crossover and a bounce off the top of the upper bollinger band