AUD at Round Figure
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I would look for rejection from 1.40 level on USDAUD. It means long in AUDUSD.
Trading round figures on inverted charts (placing stops beyond round figures and targets a few pips below above round figure) is the way to go. It put odds in your favour, as price always struggles at those levels.
Currency markets are driven not as much as by individual banks but by the international economies, multi billion global market. A single interntional bank or two will not influence price or hunt your stops. The global market trades off round figures and they should be watched.
Trading round figures on inverted charts (placing stops beyond round figures and targets a few pips below above round figure) is the way to go. It put odds in your favour, as price always struggles at those levels.
Currency markets are driven not as much as by individual banks but by the international economies, multi billion global market. A single interntional bank or two will not influence price or hunt your stops. The global market trades off round figures and they should be watched.
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