AUD,NZD/FXWW News/Trade Ideas

AUD/USD: Taking a small long position this morning

US yields eased lower again on Friday after a big fall on Thursday, precious metal prices remain very steady as indeed to commodity prices. These are all good signs for the bullish AUD/USD case and with most of the big flows now having dried up, I’m going to edge into a medium-term AUD/USD long trade.

I’ve gone long at .9570 and if a base seems to be forming at .9550, then I will look to increase my position size. My target is 1.50! Joking, but I think we will see prices back above 1.00 pretty soon with lots of trading opportunities thrown in.

  1. Hi Sean, GM, other than AUDJPY and AUDUSD, I’m found out that AUDCHF seen like interesting also, it look like double bottom that, due to you always bear on CHF, wouldl you feel that worth to try out? Thanks

  2. Definitely Jack, pretty much same idea as AUD/JPY with slightly less vol. That does indeed also look like a nice set up for ‘slingshot’ higher if bottom forms

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