Watching the price action of gold to get clues for AUDUSD. In this current market, a movement in gold has tended to precedes a movement in AUDUSD pair.
On top of this, the economic data for the Australian economic for unemployment, I believe, shall be bullish; and that supports a short-term upward bias as well in AUD. Thus, here is what the market gives us to support support the push up in AUDUSD.
This will enable me the opportunity to short it later, as this market environment favors the USD over AUD as a 1 month to 3 month outlook for now.
ONLY IF the market in the AUDUSD pair takes us there.
On top of this, the economic data for the Australian economic for unemployment, I believe, shall be bullish; and that supports a short-term upward bias as well in AUD. Thus, here is what the market gives us to support support the push up in AUDUSD.
This will enable me the opportunity to short it later, as this market environment favors the USD over AUD as a 1 month to 3 month outlook for now.
ONLY IF the market in the AUDUSD pair takes us there.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
