AUD/USD

Discussion in 'Forex Trading' started by increasenow, Jan 14, 2009.

  1. Man...the AUD/USD is really, really testing that .6600 level...if we break...what is the next target down?
     
  2. aknaya1

    aknaya1

    Looks like 0.64 is the next support, although I think it will go down to somewhere between .61-.63.
     
  3. thanks...do you trade the audusd often?what is your normal pip proift target?
     
  4. Don't count the Aussie out just yet.
     
  5. aknaya1

    aknaya1

    I trade the AUD often, but I dont have a normal pip profit. Just go by what the chart tells me. Im in a short position right now, if it gets 0.63 I'll look to take profit, depending on what the chart looks like.
     
  6. from the weekly and 5 minute chart...the AUD/USD is a serious BEAR!!!...sell it IMO