I think the time to long the AUDUSD and short the USDCAD is coming soon. Last week it was officially announced that the US is in a recession and if you think that commodities do go in a recessionairy environment, wouldnt you think commodity currencies would do good?
What do you guys think?
Hopefully this is not against forums rules but if you have time please read my new blog: FX Trading Abyss
What do you guys think?
Hopefully this is not against forums rules but if you have time please read my new blog: FX Trading Abyss