Its been a while since my last post around this AUD/USD. If you remember I suggested traders to look for a top around .9495/05 then shooting for 90 cents longer term for around a 500 pip target. The high was actually 9501 so we saw are level hold fairly well resulting in a move down to around 9150, Despite a retest back to 9470 I have still been holding my positions.
We have levels for support at around .9125 as you can see so I have closed some of my aussie position there however I am holding the majority for lower targets. If you are in this aussie from the 9500 hundred level I strongly recomend taking some profit and then locking in. I dont expect a retest but anything is possibble in this crazy market.
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
