AUDUSD expected to trend downwards to 0.643xx
Updated
-guess better than the crowd how the crowd will behave
- usually central banks prefers & has the tendency to calm markets with words; expect continual gradual rate increase for USD, expect a slowdown in AUD.
- usually central banks prefers & has the tendency to calm markets with words; expect continual gradual rate increase for USD, expect a slowdown in AUD.
Note
AUD just lost 1%. more to come after confirmation. expect AU banks to face similar issues of subprime risks
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