AUD/USD to Profit Further?

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The Aussie remains highly volatile with markets offering great trading possibilities if handled correctly. During bear markets, we still see major opportunities as we are able to bet on both directions. Volatility can come at a cost however so be mindful. Back to the Aussie, a positive unemployment number pushed AUD/USD higher.

A positive unemployment number could help the AUD which also lost momentum against the Greenback. If the market rises further we’d like to BUY AUD/USD at 0.5775 with SL at 0.5550 and TP at 0.6010.

Risk Warning: Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. General Risk Disclosure