FX.co ★ New year's cross limits

Good afternoon, dear traders! Congratulations to all a Happy New Year! I wish you good luck, money, and peace of mind!

The opening of the market on the first trading day of the new year was relatively calm, compared with the phenomenal results for the yen and the Australian dollar during 2019.

At the end of last year, we unloaded on AUD/CAD in profit, and now, the whole Australian group is rolling back. This is a good opportunity to get longs, and my trading plan for the distribution of limit purchases is on the screen below:

AUD/CHF:

AUD/CAD:

I remind you that these crosses have a fairly narrow range without a pullback, and are now at historical lows. Therefore, the principle of "buy cheap" here works better than anywhere else.

I wish you all success in trading and control risks.