| Videos | Channels | Search |
Bullish trading in Aussie Dollar
Steve Lucas is focussing on USDAUD. Trading is bullish after a strong reversal of the three year low and investors are buying on the dip rather than selling the rally in the near term. Steve is slightly cautious because prices are testing the 90.87 high as well as the 100 day moving average. Crosses are also being tested, AUDJPY in particular. Steve suggests buying modestly on the open, buying the dip at 90.17 with targets of 90.87, the 2014 high, 91.25 then 91.56. The stop on this trade is 89.86.
01:18 minutes
Tags: 100 day, aud, aud 2014, aud strength, aud usd, audjpy, audusd bearish, audusd short, audusd support levels, average, crosses, dip, forex, forex 2014, forex 2014 outlook, forex aud, forex audusd, forex audusd short, forex idea, forex market, forex market overview, forex markets, forex trading, fx, fx forex, fx markets, fx options, fx strategy, fx trade, fx trading, fxmarkets, highs, lows, markets, rally, saxo bank, saxo tv, steve lucas, three wave correction, traders, traders tale, trading currencies, trading fx, trading idea, trading risks, tradingfloor.com, usdaud