Thursday, May 29, 2014

AUD / USD: Thursday 29th May 2014. 13:06hrs

AUD / USD:

Aussie is in an up trend.
The market is held up by a strong level of support at 0.9200.

Chart below:

 

 
Price has moved away from the support and the averages have crossed to the upside.
 
I am looking for a long position in line with my ATC strategy.
 
Levels and chart below:
 
1st Entry: 0.9280
2nd entry: 0.9270
 
Averaged entry: 0.9275
 
Stop Loss: 0.9235
 
Target: 0.9475.
 
 
I will update again when I am moving the stops to eliminate the risk.
 
Namatse
 
MDT
 

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