FOREX New York Session Video October 10, 2007

The AUD/USD and EUR/USD were found sitting on key moving averages at the open of today's New York session. Using the 3-minute chart as confirmation in both cases, traders found entries for long trades near those levels of dynamic support. After seeing gains in price of at least 25 pips, those who locked in profits of 15 pips were glad they moved their stops, as neither currency pair managed to make a sustained move.