Strategy use simple moving average - 20/70 to find the trend and rsi-3 to find entry for trade. trading instrument = EURUSD; trading lots = 5/8; trade get stopped out if an opposite trading logic parameters form. Buy logic: sma rises, rsi below 15. Sell logic: sma falls and rsi goes above 85.
AUDUSD is likely to rise. AUD crosses all over are having impact from the political turmoil in Australia. THe currency weaken after the challenge to Turnbull prime ministership which resulted in election of a new prime minister.