Australian Dollar Forecast to Hit Fresh Lows
Trade Implications – AUDUSD: Yesterday we wrote on a number of key reasons why we liked trading the Australian Dollar lower as it broke key lows, and indeed we continue to believe that the AUDUSD could fall further.
Max risk on our preferred AUD-short position remains above $1.0260, while short-term targets are at $1.0115 and $0.9980.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.