Forex 'Risk on' trade idea AUD USD longAUD/USDOANDA:AUDUSDjohnelfedforexblogIts a 'USD short trade' based on PCE data backing up the recent 'multiple cuts before year end narrative'. I've chosen the AUD to long based on AUD momentum Vs the other currencies, there is a case to say any 'risk on' currency is longable Vs the USD. The risk to the trade is no 'swing' to hide the stop loss behind. Or and 'out of the blue event,' giving strength to the USD. There is also a case to say the JPY is a good 'short option' rather than the USD.