AUD/USD (AUDUSD=X)

 

AUD - Australian Dollar Our currency rankings show that the most popular Australia Dollar exchange rate is the USD to AUD rate. The currency code for Dollars is AUD, and the currency symbol is $.

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AUD - Australian Dollar Our currency rankings show that the most popular Australia Dollar exchange rate is the USD to AUD rate. The currency code for Dollars is AUD, and the currency symbol is $.

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Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. After a multi-decade commodity boom brought the Australian Dollar to all-time highs against the US Dollar , traders were often attracted by the interest rate differential in the pairing. Of recent, tides have appeared to change as economic difficulties in China coupled with bear markets in metals and many commodities, have created a more opaque picture of the future of Australia's financial prospects.

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This is my first analysis in this new year I believed many of you, like me caught this opportunity of any AUD pairs yesterday. Although this analysis came a bit late, nevermind, we are looking for the TP levels. Everyone can spot a very AUD - long after spike low.