AUD/USD: New 17-year low prices
Yesterday’s signals were not triggered as the price never retraced to 0.6268.
Today’s AUD/USD Signals
Risk 0.75%.
Trades must be entered from 8am New York time Wednesday to 5pm Tokyo time Thursday.
Short Trade Ideas
Go short following bearish price action on the H1 time frame immediately upon the next touch of 0.5962 or 0.6094.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.
AUD/USD Analysis
I wrote yesterday that the price was close to breaking 11-year lows and falling to new multi-decade lows. “Blue sky” doesn’t even begin to describe this.
I thought that trading this pair short looked like a great idea right now, while monitoring carefully on short time frames and respecting the relatively high volatility level.
This was a great call, as the price has continued to fall dramatically and reach new 17-year lows.
I am extremely bearish below 0.5962 and I would also take a short trade if the price reached the next higher resistance level at 0.6094.There is nothing of high importance scheduled today regarding the USD. 
Concerning the AUD, there will be a release of Employment Change and Unemployment Rate data at 12:30am London time.