IvanLabrie

AUDUSD: Oversold into support

Long
IvanLabrie Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
We can go long the Aussie here, or if we don't see bearish follow through in the next 3 days if more conservative.
Stop loss should be below 0.7392.
You can either take it at market or wait 3 days to jump in.
Until FOMC is out I don't expect to see long lasting directional moves in the dollar, and neither should you in my opinion.

Cheers,

Ivan Labrie.
Comment:
Excellent move.
Trade closed manually:
I'm out for now, reentering on a dip tomorrow.
Trade active:
Reentered the trade on the dip here, stop at 0.74927.
Trade closed manually:
And closed again at 0.75897
Comment:

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