I know of quite a few people who are trying to pick a top near here in the AUD/USD, and I must admit that I’m also tempted, but I’m also hearing of large stop-loss buying interest above 1.0510 and again above 1.0535. Top-pickers, keep those stops tight and the really aggro bulls can consider adding to longs if it breaks, with trailing stops back below 1.0470.
Which reminds me of the trade idea from late February (in members) where a very canny medium-term trader went long near 1.0200 with a profit target at 1.12. He’s not looking so silly now, best I look him up and eat some humble pie 🙁