Today’s FX Trading Call  -  February 24th                                

Today, I am most Confident about AUD/USD: (see chart below)

AUD/USD has completed its correction (extending from the February 8th high of 1.0845) and I am Buying the Ozzy for an advance onto the low/mid 1.0800’s (enroute to new highs above 1.1080 over coming days).

Only a break of Yesterday’s 1.0595 low would frustrate this Bullish Outlook. However, support is now strong around the mid 1.0600’s and I doubt that 1.0630 will be broken. Therefore, I will be seeking protection on my long position today, just under 1.0625.

This trading recommendation will be updated in my regular forecasting service (which also analyses the EUR, JPY, GBP, CHF and NZD) emailed to subscribers each day. I am currently offering a one month trial of the daily forecasting service for $50. If you are interested please email me at TRL@clear.net.nz

Disclaimer: Max McKegg & Technical Research Ltd accept no liability  whatsoever for any loss or damage that may result, directly or indirectly, from any forecast, comment or opinion, information or omission, whether negligent or otherwise, within this report.