A 2 cent swing has been seen so far today for Buying or Selling AUD as sentiment towards the Australian Dollar is very much split. Generally speaking investors are steering clear of all ‘commodity’ currencies (mostly Southern Hemisphere based), as the slowdown of primarily the Chinese economy is having a sustained impact on exports.
I personally feel that we will see the trading range between high and low levels of 2.0 – 2.05. I’d therefore set levels to SELL AUD as close to 2.0 as possible and set to BUY AUD when the market hits 2.05.
If you do have an exchange requirement, feel free to get in touch. Either drop me an email to [email protected] or call me on the trading line 01494 787 478.
Have a good afternoon…