AUDUSD - Long based on chart breakout and Interest rate exp

Nov 13, 2023

AUDUSD broke out on the bull side after a volatile ride from interest rate decision last Tuesday. Price is likely to continue going up with expectations of another interest rate hike in December, the next decision for RBA is on 5th of Dec 2023.

Long at current level and stop beyond the established resistance range.

Very good R/R.

Good Luck

Nov 13, 2023

Trade active

Nov 13, 2023

Note

can buy some aud/jpy as well to get positive holding interest

Nov 14, 2023

Note

change position size based on your risk tolerance. CPI coming in 22 mins

Nov 16, 2023

Trade closed: target reached

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