where is the aud heading to now

  1. 307 Posts.
    Thanks again to HC admin for the new forum! Excellent!!

    A commodities and indicies forum would be great as well.

    Took a small short position the other night when the DOW tanked but didn't expect it to be falling this much! Wish I kept it open.

    Even with the differential in interest rates and the RBA coming out today and saying there might be more hikes in the future, she still goes down more.

    Is this purely the result of the risk climate going up and the AUD getting dumped due to the carry trade being seen as too risky?

    What else would be driving this fall? When would the AUD be seen as oversold?

    Any ideas when to go long on this now? A bounce in the dow might be a good time to get back on.

    Dean
 
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