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.

AUDUSD Trading Idea 03.12.2013

A great oppportunity for trading AUDUSD, there is tonight. As you can see at the chart above, there is a downtrend which is certified by the two peaks at 0.9206 and 0.9166. The most possible scenario is that the trend will continue to lower prices, taking as granted the support line at 0.9046. Thus, the trading idea for today is to take short positions around 0.9150 putting stop loss 10 pips higher and take profit 15 pips lower. On the other hand, a break of the trendline will lead at 0.9200 levels.

Be careful : Announcement for the GDP (Q3) at 03.30 GMT +2.

AUDUSD Trading Idea 26.11.2013

As you can see from the chart above, AUDUSD is moving slightly up, finding a suppport yesterday at 0.9119. After that short bullish movement USD is gaining ground against AUD breaking the bullish trend line. The trading idea for today is to sell the pair AUDUSD since the most probable scenario is to test again the support line at 0.9119. On the other hand, you can take a long position above 0.92085 putting SL 10 pips lower and take profit 20 pips higher.