Australian Dollar Plunge

Rambo35

Confirmed PaxForex Representative
Apr 22, 2013
909
24
32
Canada
I think last week's plunge in the Aussie offered a great buying opportunity at least in my opinion. I have been adding to my AUDUSD long positions after this currency pair dipped below 0.9000. I think we will continue to see a serious of higher lows over the next few trading weeks which would confirm a bullish trend. I think we could trade above 0.9300 by this summer based on a combination of a weaker thane expected US economy and stability in China.