Forex Strategy: Profit Booked on Long AUD/USD Position
To receive Ilya's analysis directly via email, please SIGN UP HERE
- AUD/USD Technical Strategy: Book profit on long trade from 0.9189 (+274 pips)
- Prices closed back below September’s swing top, hinting at weakness ahead
- We will exit the trade and reassess positioning after the key FOMC meeting
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.