AUD Strength

My long aud/usd from 7035 has benefited from a short term, at least, positive risk sentiment. Equity markets have had a nice couple of days from start of this month + RBA holding rates. Presently aussie around 7180 and hopefully can breach 72 and hold. Energy markets are supportive of the move as well so we are seeing some $weakness.

Other good news is VIX is below 20 after a couple of months since the equities rout in Aug/Sept. All in all positive for aussie and kiwi and CAD which has been on a great comeback from 1.34 now close to 1.30.

As always take everything with a grain of salt and all your own transactions are at your own risk.

Posted in Uncategorized.

One Comment

Leave a Reply