Yellen has knocked the dollar down again and filled all charts with spikes. Even though moves were rapid and relentless at times, they have provided good intraday trading opportunities nonetheless. Today also we are just going to highlight the levels we are interested to trade against without any particular strong bias about the mid/long-term direction of the currency pairs. Only thing we are looking for are few pips from those levels and move on. Sometimes even those hit and run trades give good opportunities if you can learn how to manage trade with multiple legs.
AUD/USD - Resistance 0.7680, Support - 0.7640 / 0.7620 / 0.7600
AUD/USD - Resistance 0.7680, Support - 0.7640 / 0.7620 / 0.7600
Comment:
Can't stress the importance of levels enough! One leg of the trade is done with 10 pip trip - 0.7640 to 0.7650 for AUDUSD
Comment:
Closing another leg at 0.7675 with +35 pips and will look for remaining 1/3 to close at 0.7700.
