BombayBulls
Long

AUDUSD - How to Get Few Pips Today

FX:AUDUSD   Australian Dollar / U.S. Dollar
32 0 0
So much for the Australian dollar's enthusiasm right now. We are not going to completely write it off though until it starts closing below 0.7150 ominously. So far we had a good run with AUD/USD             an NZD/USD             from long side and now we are out of position. Today we are looking to get few pips from AUD/USD             by trading it from the long side. 0.7150 and 0.7125 are two levels of our interest from where we can have higher probability of a bounce. How much it can go higher is anybody's guess but initially we are just looking for our 25 pips ;) rest will be bonus points! There is alternate scenario where AUDUSD             can go higher first at 0.7250 and fails there. In that case there is possibility for a quick short play from there.
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