Pick of the Day: AUD/USD

It was pretty tough to find a pick tonight, as there is a lack of reports being released. Well, we’ve seen the Australian dollar make a magnificent run up in the past month, but in the past few days we’ve seen consolidation. Maybe it’s time for a correction… We saw a pull back in commodities in the past few days. Hopefully, tonight’s trade idea will help us catch a piece of the correction. Here’s the trade idea:

Short AUD/USD at 0.7650, stop at 0.7685, PT1 at 0.7625, PT2 at 0.7600