I’ve been waiting for a decent dip in this pair to go long but the best we got was 1.0455 earlier today. This is a safe pair – slow and plodding unlike the mercurial EURJPY. I’m going long here, hopefully for a test of 1.0580. The technicals are bullish, and the fundamentals are also bullish. And being long we also collect interest, at the rate of approx 0.75 pips per day. Not bad for a long term (weeks?) buy and hold.
Long $20/pip AUDUSD at 1.0477. SL 1.0408. Alert if pair dips below 1.0440.