A short trade in the AUDUSD has just been triggered.

The long term charts in the AUDUSD are behaving just in a pretty big range in between 0.7242 and 0.6080. Of course there are several important levels in between those two extremes, one of them being 0.6350. The market bounced off that level and gave us a short signal.

So right now I’m short at 0.6305 and I’m looking to take profits around 0.6110. If the market goes against me, I will take a loss above 0.6360. I will also watch closely how the market behaves at the next short term support level 0.6253, will see what happens…

Good luck in your week! I’ll keep you updated about the development of this trade…


aussie analysis, trade

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .