Dislikedi am attempting fundamental play.. AUS is more "sound" than the US..
so i intend this for a long term trade... but then again i am new to this pair so maybe i must think again aarrgghhIgnored
Yes you may be right. The move has been swift and strong and may be ready for a retrace. But. Why risk it. It is counter trend and I see .80 being the short term target at least before a respectable stall.
And remember. Fundamentally although with strong economy the Aussie is one of the first to be dumped when risk aversion set in.
Just my 2 cents.
I hope its a small position.
A51
Be careful.