FOREX Trade of the Day: Buy AUD/NZD

Today's FOREX Trade of the Day was a long AUD/NZD position.

Buy: 1.0987
Sell: 1.1061

Today's intraday Low of 1.0987 was below the 23.6% retracement of the intraweek range, rendering the retracement level a profitable Entry Buy level.

Today's intraday High of 1.1078 was above the 38.2% retracement of the intramonth range, rendering the retracement level a profitable Exit Sell level.

Notional Intraday Profit: +74 pips

Further upside targets include 1.1106, 1.1151, and 1.1206.

Our YouTube video illustrates today's FOREX Trade of the Day and identifies further downside targets.

www.trademarketoptions.com
http://goo.gl/tVVKqd