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Long AUDUSD against 1.0665

Long AUDUSD against 1.0665

David Rodriguez, Head of Product

I like an AUDUSD long position fundamentally and technically for reasons I highlight in my Forex Strategy Outlook report, I think the USDOLLAR is going to trade lower.

As of my post this morning on the Forex Real Time News feed, I'm taking a long position against the low at 1.0665. Targets start at 1.0775, but I'm targeting a break towards fresh highs.

-- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive David's reports via e-mail, send an e-mail message to drodriguez@dailyfx.com with subject line "Distribution list".

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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