The Aussie is a currency that has become a favored vehicle of traders in recent years. After a multi-decade commodity boom brought the Australian Dollar to all-time highs against the US Dollar, traders were often attracted by the interest rate differential in the pairing. This allowed traders to earn rollover for being long AUD/USD, while also benefitting from a massive bull run seen in the pair. Of recent, tides have appeared to change as economic difficulties in China coupled with bear markets in metals and many commodities, have created a more opaque picture of the future of Australia's financial prospects.

Support & Resistance

Weekly Trading Forecast: Systemic Changes Afoot for Risk, EURUSD, USDJPY?
S10.7548 S R30.7934 W
S20.7450 S R20.7835 S
S30.7331 S R10.7696 M


Weekly Trading Forecast: Systemic Changes Afoot for Risk, EURUSD, USDJPY?

Though still early yet, there have been some remarkable change in trend recently. Dollar is in retreat with the S&P 500 starting to slip. The Yen has surged while Gold has hit 15-month highs. Is something bigger stirring in the markets?
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Analyst picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in AUDUSD & CADJPY
Expertise: Short-term Technicals
Average Time Frame of Trades: 1-2 Days

Pivot Points

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