AUDUSD 03 11 2020

The RBA has cut interest rates to a record low of 0.1 basis points and is looking to drive the AUDUSD lower. I will wait for a break of 0.70 for a potential entry on the back of a stronger US dollar, if we see that post presidential election. My prediction is that there will be heightened uncertainty is Donald Trump doesn’t concede the Presidency if Biden wins the election and therefore causes a great deal of market volatility and selling in the S&P500 driving the US dollar higher.


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By scott.andrews275

Scott Andrews is an Australian based trend and swing trader using the daily, 4 hour and 1 hour time frames. He has previously worked in China as a performance coach for their Winter Olympic Team and runs a YouTube channel as well as remotely trading for a London Prop Firm.

One thought on “AUDUSD sell trade thesis”
  1. Congratulations Scott for being a on the team in the Winter Olympics as well as fx trader… bright future… GODbless

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