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CarlsonCryptoTrading
May 14, 2020 6:03 AM

AUDUSD Currency Risk Analysis 

FX:AUDUSD1D
Australian Dollar/U.S. DollarFXCM

Description

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I have kept this analysis quite simple as I have risk exposed with DCAing from AUD to BTC as I am Australian.

As most common price to quoting BTC is BTCUSD I need to keep an eye on AUDUSD currency pair.

I will hold half my money in USD and half in AUD that will be used for DCAing weekly

STAY WITHIN 0.63678 - 0.65731
  • Buy 1/2 from USD and AUD each week.


BREAKOUT ABOVE 0.65731
  • Purchase only with AUD each week(also re-evaluate if I should only hold AUD).



BREAKOUT BELOW 0.63678
  • Purchase only with USD each week(also re-evaluate if I should only hold USD).




Comment

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Nice to see AUDUSD holding some strength which keeps the BTCAUD price down
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