Some posts from traders who didnt get out of aud last week on run down to 8817 from .9000 sell. This is for them. RBA int rate announcement later tonight right before midnight eastern time. A sell from here to around .91 is good as a position sell as an add or new entry, just be mindful of your exposure because of volatility. Still holding chf trades from last week 10780 ann 10730, will continue to hold for this week.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
Am I to assume we are still targeting for the AUD/USD to drop to 8720? I have positions from 8790 to 9000 and just want to know if it would be better just to clear this trade at breakeven, take 100 pips profit on any of the adds or hold for the target of 8700?