AUDUSD Future SHORT Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Feb 23, 2015 1:40 PM

Heavily traded area on AUDUSD around 0.78300.

The fall from the zone (due to strength in the dollar) suggests some selling pressure that may not be exhausted. If there is no demand at 0.78300, a possible short could be in order.

Profit margin is determined by demand zones formed on arrival.