Just be mindful of those smaller range pairs when attempting to engage intraday day type gambles. You really need as much gas in the daily range tank as possible & aud/usd only has a touch over 60 pips to go at. We’d advise to skip the lower end range pairs when taking intraday punts unless you can grab a good chunk of the range at entry during your regional business window.
They’re ok to punt them via rollovers & trail your stop up underneath key levels or the day’s range to see how far they can run. Some of them will sprint a good way especially if they’re being driven by strong sentiment/momentum.
Using that chart example, you’ve correctly adjudged the positioning this week as long above 76.0 & your higher odds entry was indeed that pullback trigger back to that level on tuesday as it was backed up with a full tank of range gas, punching off a key level & had the flow behind it.
If you’re looking to punt aussie via intraday gambles you’d be better off eyeing it via either sterling or euro as they afford you between 80 & 150% more range flexibility than aud/usd.
Those are 2 of the 8 higher range pairings that take top billing when considering intraday gambles on the spot offerings. The other 6 being gbp/nzd, gbp/cad, gbp/jpy, eur/nzd, eur/cad & gbp/chf.