BombayBulls
Long

AUD/USD - Support Levels To Buy - 11/28/2016

FX:AUDUSD   Australian Dollar / U.S. Dollar
33 0 3
Unabated US Dollar             march higher continues but there will be pockets of support and resistance for individual currency pairs where we can define the risk and trade it for few pips gain with probability in our favor. Yield advantage of Antipodean currencies is not going to go away overnight and that will keep supporting AUD/USD             and NZD/USD             during the drops.
Today we are looking for 0.7450 and 0.7400 to provide support during the bouts of US dollar             strength. We don't know whether Australian dollar             is going to reach 0.8000 or 0.7000 in coming days but only thing we can say is that, buying against above mentioned support levels puts odds in our faour to earn few pips today.
Trade closed: target reached: Our 20 pip target has been reached. 20 pip is enough in this crazy market, isn't it? ;)
On EUR side, a short trade is still in progress so let's see how deep that can go.
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