All good asimov, ct should know of the risks. We are entertaining considerations for importers and exporters alike who hedge monthly turnovers in advance, buying and selling $millions of real Usd each month to help margins.
It helps understand the local buying of usd into a peak if it peaks.
To me, resistance levels are 1.018 and 1.034 according to both patterns currently.
Commodities and trade trends driving the largest hedge demands. I need to revisit latest aud imp/exp numbers this weekend also. Cheap US cost of goods would sustain some usd demand. There is no inflation in the US to speak of .... yet.
