FX.co ★ Trading tips for AUD/USD

The strategy presented last January 3 aimed to provoke a price drop in AUD/USD.

Fortunately, that was accomplished on Wednesday, when demand for dollar increased, thanks to hawkish statements from the Federal reserve.

To date, AUD/USD has lost 2,000 pips and falsely broke through 0.70850.

The pair moved by 2,000 pips, so congratulations to those who followed the plan!

Existing short positions can be closed at current prices, but leave some to 0.69880.

Good luck and have a nice day!