Looks oversold and taking a long trade... make quick 20-25 pips profit.
- The OANDA:AUDUSD continues to push upward against USD, with prices extending to levels unseen in two months and poised to continue higher.
- The largest one-day gain since early September now looks likely to see follow-through as the pair takes aim above the 0.7590 figure
- The series of higher highs and lows defining the latest upswing remains intact, suggesting that further confirmation is needed before taking up the short side
- The unemployment rate news being negative hadn't had much impact due to jobs numbers have been great over the past two months
As usual I'm in for 20-25 pip profit. Ride with me!