Trade Recommendations for current Session
Today I’m looking for buying opportunities on AUD/USD as the USD fell for its third day in a row as the market expects weak data to be released today. The AUD however rose unexpectedly to its highest peak in 3 weeks.
You could look to buy this pair around the 0.9350 area with a profit target of 0.9400 to 0.9420 and a SL at 0.9340 and if feeling brave 0.9320.
Overall Bias on this trade
The AUD is currently climbing at a faster rate than all of its major peers on account of positive data coming out from industries that aren't typical to the Australian labour market i.e. mining, making the AUD the most attractive buy on the market at present.
At no time should anyone view the information presented anywhere on this website as advice, recommendation or proven. Everything reflected is merely opinion and may not be accurate. The purpose of the site is to express the opinions and views of Jarratt Davis. There is no intention to offer specific help, advice or suggestions to anyone reading any of the content posted here.
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