Trading Outlook: AUD/USD

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Originally Updated: 06:10am

Currency Pair: AUD/USD

Sentiment: Bullish

Market focus:

In today’s trade set up we will be focussing on short term buying opportunities on the AUD/USD.


We are looking for buying opportunities on the AUD/USD today after business conditions in Australia gained by the most on record, taking this into account and the poorer than expected employment figures from the US last Friday I think we could see a short term pop up in the AUD/USD. U.S markets should see light volume today with the banks being closed in observance of Veterans Day.


We have a nice confluence zone at 0.8565-0.8555. This should offer short term support for any pullback.

Stop loss could be placed at 0.8525

Take profit target: 0.8608

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Source:: Trading Outlook: AUD/USD

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Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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