The AUD/USD was on my list of currencies but I screwed up by not watching the pair. There was a nice swing short opportunity on Jan 28th off a nice chart pattern/monthly resistance.
Look for a pullback as some big boys cover their shorts periodically and some more flush selling as Central Bankers are taking turns cutting rates.
RBA Governor says that the Aussie...
Aside from some my rationale noted on the chart, fundamentally earnings thus far have been unspectacular coupled with 'safe' stocks ie (Coca Cola ($ko)) being overvalued and the federal reserve tapering makes a continued sell off understandable. This is a stock pickers market once again with speculative plays and sectors outperforming the market. I'm not ready to...
