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
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.