Though AUD/USD has been making new highs, there is no trade on a daily chart that would provide a good risk to reward.
The proverbial train has left the station, and if you were one of the fortunate traders who are in this one, congratulations. However, for the rest of us, hope is not lost. The recent price action has steepened and a correction may be upcoming. Wait for the AUD/USD to touch lower green line to climb on board at around .7340 which is the area of the May 1st breakout. This current steep price action may prove unsustainable.
