The straight AUD/USD is putting in an outside reversal month to the upside. Long Aussie is the right way right for now on the Yen crosses as well. Today’s close will be important, but you’ll need sustained price action under 102.50 to think you’re wrong being long the straight Aussie. My first swing count is close to 105. So maybe another 100 points. Since tomorrow is the start of a whole new show holding 102.50 close will be imperative for Aussie bulls and a trip to 101.85 and rejecting the level and closing back above 102.50 would not be out of the question price action on an Unenjoyment Friday. Conversely opening higher and closing below 102.50 would signal an end to the intermediate strength in the Aussie.

To encapsulate…TOMORROW’S PRICE ACTION IS IMPORTANT. A prepared trader is a happy trader.