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Lucas: Aussie could boomerang in any direction

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Steve Lucas is effectively setting out to straddle AUDUSD. Spotting decent data in Japan which could lead to a pick up in oil and commodities, Steve as looking for bullish signals in the pair. However, having been short already this week Steve is also ready to go short again if no rally appears. 

Square at the open.
Buy at 0.7271
Stop: 0.7236
Targets: 0.7307 0.7347 

No rally - go short
Sell: 0.7159
Stop: 0.7184
Targets: 0.7102
              0.7070