FX:AUDUSD Australian Dollar/U.S. Dollar
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.