AUDUSD broke the significant support line of 0.9055 yesterday on Wednesday. The most possible scenario is to find resistance levels around this price, keeping the downtrend as the current view for the pair. A good strategy would be to take short positions around 0.9055 putting SL 10 pips higher and TP 30 pips lower.
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Thursday, December 05, 2013
AUDUSD Trading Idea 05.12.2013
AUDUSD broke the significant support line of 0.9055 yesterday on Wednesday. The most possible scenario is to find resistance levels around this price, keeping the downtrend as the current view for the pair. A good strategy would be to take short positions around 0.9055 putting SL 10 pips higher and TP 30 pips lower.
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