I am always looking at AUDUSD. Partly because I need to manage my USD exposure in my trading account. Anyway, I see AUDUSD trading in a tight range and potentially moving to 0.68-ish level. I am watching. On the other hand, I do not ignore the possibility of breaking down, and back to 0.63…AGAIN.
Here is the …..CHART! (click to view full chart)
Some statistics:
AUDUSD made some great gains today (off the back of the FOMC meeting) – I’m looking at a double top right now around 0.67, with a channel between 0.67 & 0.62 – Breakout or channel play – Would normally fade a double top but can see this one going higher
AUDUSD made some great gains today (off the back of the FOMC meeting) – I’m looking at a double top right now around 0.67, with a channel between 0.67 & 0.62 – Breakout or channel play – Would normally fade a double top but can see this one going higher
You were right Gav, how did it go for you? Have you take profit yet?
You were right Gav, how did it go for you? Have you take profit yet?
@HDB I only use AUDUSD movement to manage my USD exposure.
@HDB I only use AUDUSD movement to manage my USD exposure.