- On the weekly chart there is a significant low at 80.08 which is being taken out. Last traded 79.88.
- Fresh short at 79.90 initiated here. Don't intend to make a big trade out of this because ...
- ... overall, still think buying AUD/USD is best way to play QE2 USD weakness (not EUR or GBP).
3 comments:
do you mean long AUD/USD instead of short AUD/USD?
Oops .. yes of course. Sorry. Amended post now. Thanks.
Took profit 78.96
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