Tag: aud/usd

AUDUSD is a good pair. It’s behavior is somewhat predictable. This maybe due to the tight management by Royal Bank of Australia. I love to trade AUDUSD often. AUDUSD moves slowly unlike GBPUSD that can shoot up or down 200-500 pips in a day. In this post I am going to analyze a recent AUDUSD… Continue reading AUDUSD Buy Trade 5 Pip SL 250 Pip TP

AUD/USD has fallen around 500 pips in the past week on poor Chinese factory output data. Asian stocks followed suit. The bearish Chinese data has added to worries about a 40-percent slide in iron ore prices this year and further soured sentiment for commodity currencies. Not surprisingly, the Australian dollar was a notable underperformer, dipping… Continue reading AUD/USD Falls More Than 500 Pips On Chinese Factory Output Anxiety