aus usd

[aussie2242]

im new so any feedback is welcomed..

i have placed a short trade on aus usd at 77.00 where resistence is formed..
sl is 40 pips higher.. and 75.00 is the suport and also the tp line for this trade..

reason for trade is copper is in decline this week.. so effects aud price
usd data is mixed over the last month
also aus cant operate on a dollar that is too high against the usd as trade is effected.
when the aus dipped below 50 us cents a few years ago it was actually good for some business as the us was purchasing and investing in aus as it was great value for money..

thanks for reading and good luck to all with trades all aussie

 

[aussie2242]

thankyou ver y much for feedback

hey thanks for getting back to me on my trade.. in profit of 74 pips as i stand over the weekend.. will take note of other aus crosses. where do u think the aussie is heading at the moment..