FX:AUDUSD   Australian Dollar / U.S. Dollar
New support at 0.78090 for an intraday chart... As of 12th February the Australian Dollar             still maintains upward trend!
Nice chart. I would probably look for it to retrace to the 50ema which comes in a little under the 0.618 you have plotted. I'm playing a similar trade in the Euro as of today. Looks like the DX should correct and all pairs will get a lift. However, the AUD and CAD will have headwinds with the commodities taking another hit- notably CL.
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what is your target?
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My target is profits... I don't have a specific exit price. If at 12:00pm Australia time I bank profits I will exit trade and re-enter AUD/USD at 12:30pm
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