Algokid

Will the "Aussie" follow the Yen !!

CME:A61!   Australian Dollar Futures
161 5 1
I don 't trade Forex, but a friend of mine showed me this chart here of the Aussie dollar futures vs Japanese Yen Futures             . The correlation is pretty good . My question for the Forex traders here, do you expect the Aussie to follow the Yen ? By just looking at the chart, I'm tempted to go short. ( Aussie in Blue )

Algo
Aussie continues to take a beating
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Where is the end of the red brick road for oz?
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Algokid PRO QuantitativeExhaustion
I'm curious to see what would be the traders reaction at 0.90 support. But with last night report on China contracting economy, I think the oz and Loonie (CDN) could go much lower
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0.90 broken ...hmmm, interesting
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getting hammered !
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