Hi Punters.. my thoughts.
After a rally against the fundamentals on Friday, into a price that the RBA had specifically identified as an "ideal cap" the AUD/USD could start to feel the pressure of sellers again today, as it remains close to those levels. This is combined with the USD optimism brought about by the recent decision of the Fed to start tapering its QE programme, which could create some solid trading opportunities on the AUD/USD.
Look to sell AUD/USD over the coming week, particularly as it rallies.
Hi Punters.. my thoughts.After a rally against the fundamentals...
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