AUDUSD outlook

If price takes out 0.69573 then I will consider 0.69325 level

I took sl on that audusd setup of yesterday

My first assignment today was to check between save heaven and risky pairs which one will be leading and I noticed AUDUSD was buying GBP was buying and I decided to do more research and noticed that market conditions are changing so I developed my bias base on that idea, as traders I expect that we should do that all the time not just analysing structures

How do you carry out your research on safe haven and risky pair

I carry out my research by checking the us10yr yield, check the vix price level, check the 4 US leading fundamental indicators, and also check the aud fundamentals, as I said Aud reacts faster to a risk on or risk off environment

AUDUSD is printing protective lows and breaking above previous highs, I want to buy but waiting for price to give a deep retracement to 4hr demand level, a good reaction from there after CPI I will look for a buy entry

The successful break above 0.69954 is the main reason am looking for longs on AUDUSD base on pullbacks to the rectangle box, I marked the level with the black horizontal line

Nice Setup.
I'm also waiting to go long on AUDUSD
Entry: 0.6985
SL: 0.6943
Price invalidated the bearish downtrend and has reversed setting up a bullish rally phase.

If this week closes then we will be having a bullish week for AUDUSD and Gbpusd which means price is reversing sharply so we have to start checking for buys more than sells

This right.
CPI today might not align with the bullish bias that is setting up on GBPUSD and AUDUSD.
It's forecasted to be higher than previous and that can possibly strengthen USD. However, If it comes out negative(below forecast), it will support the bullish bias.

Yes definitely and if it supports the bullish bias then audusd will revers from support but if it comes out hot than expected more bullish move for safe heaven and more bearish move for aud and GBP, and will means fed will need to increase rates

we'll watch and see.
I'm keeping my expectations for Long opportunities and won't be concerned if it takes a bearish narrative during CPI.

Am also having a long bias too, but just waiting to see the outcome of today's cpi