FX:AUDUSD   Australian Dollar / U.S. Dollar
37 2 3
AUDUSD             As we can see, paid up nicely last week.
We took profit and closed our trade at 0.7025 in anticipation of some pause in the pair.
Today we have seen some action in the pair that suggests the downside is about to resume.
We are going short again here @0.7060 a break of 0.7020 area will open the door for a move to 0.6934.
We are expecting price to eventually take the low 0.6908 which will be the next target for this trade.
We place our stop just above 0.7080
For more updates follow us on twitter @charts_247
really nice trades you post here, keep going!
charts247 shasst1
Thanks mate.Enjoy
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