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Johanes

JLS: AUDUSD Target Zone 0.7300-0.6300 Up-Date

Short
Australian Dollar / U.S. Dollar (FX_IDC:AUDUSD)  
Johanes  
FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
Beyond Technical Analysis
2
0
beyondta
The AUDUSD will visit and break the 0.6900 down to 0.6300 by the unwinding trading activity of the CHF and JPY carry traders on AUD and AUD-denominated debt securities.

Carry trading activity is the causes of interdays highs and lows interior the target zones. Carry trading activity supportive to slower the weakening of AUD by the USD.
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