Archive for July 2nd, 2008

Todays Forex trade – long AUD/NZD

Todays Forex trade - long AUD/NZD

The markets have been looking rather choppy lately and have been rather difficult to trade. Anyway, last night the only market which looked relatively clean and non erratic was the AUD/NZD chart. I went long at 1.2600 and got out at 1.2660 for +60 pips which isn't a bad result considering the markets currently. The stochastics action looked clean and the short term price action looked ripe for some movement up. There was some previous resistance (as you can see from the chart) at the take pro

July 2, 2008 No Comments Full Story