Australian Dollar Trend

Posted on Mi 01 August 2007 in misc • 1 min read

  • Forex
  • Trends tags: [] meta: _aioseop_keywords: Australian Dollar, AUD, Currency, Forex, Trend Model, Trends dsq_thread_id: '217979704' author:

    The Australian Dollar got hit hard last Thursday!  Some blame profit taking, others a "flight to safety", and some place the blame on an unraveling carry trade.  Is the trend over?  According to my newly updated Australian Dollar trend model, the answer is no right now.  That could change today or tomorrow but as of this morning the trend remains as a STRONG UP.