The negative divergence on the MACD warns of pushing this pair higher. I am going for a ST trade to take advantage. Sell here to take profit at 1.0240 and stop loss above the current 50 day MA at around 1.0386 or so.
Monday, October 17, 2011
Sell AUD here for Short term trade against USD: Take profit at 1.0240, Stop loss at 1.0396 and above
The negative divergence on the MACD warns of pushing this pair higher. I am going for a ST trade to take advantage. Sell here to take profit at 1.0240 and stop loss above the current 50 day MA at around 1.0386 or so.
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