SaxoTV

Lucas: Aussie could boomerang in any direction

408 views
December 09, 2015 airlines, asia, au, auau, aud, aud 2014, aud strength, aud usd, aud', audjpy, audusd, audusd bearish, audusd short, audusd support levels, audusd weakness, aussie, aussie dollar, aussie economy, aussiedollar, australia, australia economy, australian central bank, australian dollar, australian economy, australian reserve bank, autoplay, autos, foreign exchange, forex, forex buying, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex trade idea, forex trading, forextrading, frx, fx, fx award, fx changes, fx crosses, fx dealing, fx dollar swiss, fx eurgbp, fx eurjpy, fx exchange, fx forex, fx gbpusd, fx interbank markets, fx investing, fx market, fx markets, fx options, fx optionsf, fx pound, fx regulation, fx saxo bank, fx spot, fx sterling dollar, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx tradinging, fx trends, fx usdjpy, fx volatility, fx volatitily, fx vols, fx volsf, fxallocationmodel, fxfx, fxfxfotrex, fxmarkets, fxmonthly, fxmonthlyf, fxoptions, fxspot, fxtrade, japan, japan economy, japanese, japanese economy, japanese yen, saxo tv, tradingfloor.com, xau, xaueur, xauusd
Steve Lucas is effectively setting out to straddle AUDUSD. Spotting decent data in Japan which could lead to a pick up in oil and commodities, Steve as looking for bullish signals in the pair. However, having been short already this week Steve is also ready to go short again if no rally appears. 

Square at the open.
Buy at 0.7271
Stop: 0.7236
Targets: 0.7307 0.7347 

No rally - go short
Sell: 0.7159
Stop: 0.7184
Targets: 0.7102
              0.7070