Aggressive Entry on the AUD/USD

From dailyforextradingedge.com

For longer-term traders, dealing with the AUD/USD also mean contending with the Fed tomorrow. If the Fed is going to continue with the current pace of QE then I also suspect that Bernanke will present a slightly dimmer view of the current economic picture. This will likely do nothing but add volatility to the dollar’s and Dow’s uptrend. The market will be content to move higher on the Fed’s continued support and some sour grapes will likely be what equities bulls have been waiting for to buy into weakness. Past performance is not indicative of future results A change in the Dow’s uptrend with the Fed ... (full story)