Long AUDUSD against 1.0743
As I said yesterday, I am looking for opportunities to get long AUDUSD. I really like the low FX volatility expectations and low S&P 500 Volatility Index (VIX).
The question is timing. I like a long at current market of $1.0753 against the Asia session low of $1.0743. An extremely tight stop means that I'm more levered than usual. If I get stopped out, I'll likely take another bite at the apple at $1.0700 and $1.0650.
--- Written by David Rodríguez, Quantitative Strategist for DailyFX.com
To receive this author's reports via e-mail, contact drodriguez@dailyfx.com with subject line "Distribution List".
The question is timing. I like a long at current market of $1.0753 against the Asia session low of $1.0743. An extremely tight stop means that I'm more levered than usual. If I get stopped out, I'll likely take another bite at the apple at $1.0700 and $1.0650.
--- Written by David Rodríguez, Quantitative Strategist for DailyFX.com
To receive this author's reports via e-mail, contact drodriguez@dailyfx.com with subject line "Distribution List".
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