Aussie - AUDUSD Risk off!

13 באפר׳ 2020

Almost time to load up on Shorts on the Aussie, we are currently in a risk off environment, a flight to cash, a forced liquidation of the aging population of assets to fund retirement etc is going to be another causation of the commodity driven Australian economy to be in a recession and negative growth in the coming years and decade. A lot of Risk currencies are setting up as a good sell in the coming weeks stay tuned to my forecast. expecting Aussie to trade well below the all time lows dropping well below 50 cents to the low 40s possibly. expect further short term upside though could rally up to 65-68 region before heading down. AUDUSD is a Short term Buy, Medium and Long term SELL