AUDUSD is a good pair. It behaves according to plan most of the time unlike GBPUSD that can show tantrums and make violent moves hitting your stop loss. FOMC Meeting this week was a game changer. After many years, Federal Reserve finally decided that US economy needed a break from very low interest rates. Unemployment… Continue reading AUDUSD Sell Trade 20 Pips Stop Loss 200 Pips Take Profit
Tag: aud/usd
Commodity Currencies Race To The Bottom With Bank Of Canada Surprise Rate Cut
Last week there was Swiss surprise. This week there is a Canadian surprise when the Bank Of Canada surprised the currency market with a rate cut. This sudden rate cut sent USDCAD soaring up by almost 400 pips in just 2 hours. The Bank of Canada today announced that it is lowering its target for… Continue reading Commodity Currencies Race To The Bottom With Bank Of Canada Surprise Rate Cut