BabyPips.com FX-Men Team
BabyPips.com
AUD/USD: 1-hour
Here’s another support play for ya! AUD/USD is headed for the .7175 area, which is a support that has been holding since the start of the month. In addition, Stochastic looks like it’s about to hit the oversold territory. Will the support hold for another day? A long trade at the levels could get you decent pips if you think that the Aussie will head back to its previous highs. Of course, you could also wait for a downside breakout if you’re one of them Aussie bears or dollar bulls.
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