Hello all, this is my call on the AUDUSD pair. Of all the commodities pairs, this one is the weakest among NZD and CAD. As the China PMI (Purchasing Managers Index) remained largely unchanged and HSBC's version of the same data still remains below 50 (source: www.forexfactory.com), there seems to be no catalyst in sight that can seriously boost the AUD's fortunes.
Therefore, my idea is to short the AUDUSD as per the chart above. Please trade with caution guys as this week there will be NFP (non-farm payroll) data being released from the US of A!
TADA!!!! Results!!! Not as smooth sailing as I hoped but still walk away with profit....
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