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EUR/AUD

EUR/AUD

Thomas Long, Course Instructor

The answer is a great carry trade candidate which is what we may see here with the EUR/AUD on a move down through the 1.4806 low. This pair has been in a relentless downtrend since the beginning of 2009 and it continues through today. The added advantage of selling this pair is the positive rollover earned on open sell positions every day at the 5PM Eastern close. Do you ever think about how some of the biggest traders in the world make money in the FX markets? Here is one of more popular ways. Make money by selling a market in a strong downtrend and make even more on interest every day. It doesn't get much better than that in the world of speculation.
 

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