AUDUSD Carry Trade

• 1 min read

  • Forex tags:
  • AUDUSD
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    I'm fooling around with carry trading in the AUDUSD pair. I've been long since last week and been underwater since then. However, I'm collecting a good amount of interest daily so I'm pretty happy about it. My rationale behind buying this currency pair is this: the pair is influenced by Gold prices and I believe we'll see Gold push higher, I expect the USD to continue to weaken, and the Australian bank is likely to remain hawkish and willing to raise rates. Of course I could be wrong and go down in flames collecting interest. :)

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