The Aussie dollar, or Australian dollar had a heavy fall last July after a strong rally up. Where is it heading now??? Adam shows why he thinks that the AUD will rise to 82c. Have a look at the video and tell me what you think.
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How we analyze the Australian Dollar
Today we are going down under to analyze the Australian dollar.
Many traders look at the Australian dollar (AUD) and the Canadian dollar (CAD) as commodity plays. Both countries are rich in natural resources and that seems to be a key element to the recent moves in both of these currencies.
Today we are going to look at the technical aspect of the Australian dollar. This market not only charts very well, but it responds very well to technical signals. In this short video, I will explain in detail my reasoning for wanting to be in this market. I will give you some specific Aussie dollar objectives and also some places to protect capital.
Adam Hewison
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