AUD/USD slowing down

Chris L
Category:  Trade Ideas
AUD/USD
The Australian dollar rallied against the US dollar again on Friday, but gave back quite a bit of the gains. By doing so, looks as if the market is slowing down a bit and we could be running into another pullback. Short-term traders may be looking to sell this market and aim for the 0.7650 level, but I think it's probably more prudent to buy those pullbacks as value.

Buying AUD/USD on a pull back to the 0.7650
stop loss at 0.76
take profit at 0.7740

Natural Gas
Natural gas markets fell again on Friday, using the $3 level as support. Because of this, I think that the longer-term pressure to the downside might come back relatively soon. With this, I am a seller.

Selling natural gas at $2.98
take profit at $2.90
stop loss at $3.03

EUR/USD
The Euro continues to be very volatile, but the pullback on Friday may end up being a nice buying opportunity. Because of this, buyers look to be jumping in ran around the 1.14 level, and I still think that the longer-term target is the 1.15 handle. With this, I'm jumping in.

Buying the EUR/USD at current levels
stop loss at 1.1350
take profit at 1.1490

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