AUD/USD

[increasenow]

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

 

[aknaya1]

Looks like 0.64 is the next support, although I think it will go down to somewhere between .61-.63.

 

[increasenow]

Quote from aknaya1:

Looks like 0.64 is the next support, although I think it will go down to somewhere between .61-.63.

thanks...do you trade the audusd often?what is your normal pip proift target?

 

[Ivanovich]

Don't count the Aussie out just yet.

 

[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.

 

[increasenow]

from the weekly and 5 minute chart...the AUD/USD is a serious BEAR!!!...sell it IMO