AUD/USD: Longs in play, look for short-term base now near .8770
This is a similar trade idea to USD/CAD but the difference with the AUD/USD is that we get more volatility during Asian trade so I get more of an opportunity to trade around the position.
I am entering this position at .8845 with a modest-sized trade and I will hopefully build on this over coming sessions. I’d expect support levels to emerge near .8770. My initial topside target is .9150.