The AUDUSD is probably the currency pair that I like the most today. Take a look at the daily chart, its clear that is has plenty of upward pressure, and I think it will continue its way up until it reaches the next LT resistance level at 1.0982:
You should care though, if its clear that the AUDUSD is trading in a bullish condition, then try to look for long opportunities, if doesn’t matter if they are short term trades, if you go long, your trade has a higher chance of hitting your take profit order if you go long!
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Tags: AUDUSD Analysis
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 .