AUD 0.00% 1.5157 australian dollar

cracks 70c, page-4

  1. 1,710 Posts.
    Last nights action on the aussie was just fantastic guys.

    The aussie went through the .70 mark 5 times during the period and gave the investor great opportunities to trade the swings and roundabouts.

    Did not loose on one single trade all night!

    It really was like taking candy from a baby.

    Went as hight as .7080 I think which just shows how strong the aussie now is against a weaker US currency.

    The big question now is....what next?

    I see consolidation here and as I posted a few days ago, an advance to .75 in time.........medium term.

    I will admit, we made .70 much quicker than I thought. I did tip Xmas so I think we made that mark about a week earlier than I predicted.

    It could be something of a different ball game now if the aussie does remain above .70 which I think will happen.

    Different dynamics will come into play.

    Hope everyone made a killing last night.

    Good luck all.
 
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