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Mihai_Iacob
May 19, 2023 4:05 AM

AudUsd- Play the range! 

Australian Dollar/U.S. DollarFXCM

Description

For more than 2 months now, AudUsd is stuck in a range between 0.66 and 0.68.
Yesterday the pair reached the lower boundary of the range at 0.6603 and has started to reverse.
Traders could try to trade this range looking to buy AudUsd close to 0.66 and, with a tight stop and a target at 0.68 a more than 1:2 risk: reward could be achieved.
Comments
ArmanShabanTrading
I like your style.
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