Unless you are a scalper, what matters really is waiting for a feasible setup at an area of value and trade in alignment with the big market picture.
The AUD/USD pair trades near 0.7170 during the early Asian session on Tuesday. The pair moved little on Monday due to lack of fresh directives. Though, the monotony is likely to breached soon as investors have started being cautious ahead of the RBA meeting minutes that are up for release in the next few hours. While upbeat data from its largest customer, China, helped the Aussie to remain positive on Monday, mixed comments from the US lawmakers during the US session trimmed some of the previous gains. It should also be noted that the Aussie is considered to be a risk barometer and sluggish results from the US giants like Goldman ... (full story)