Home > Commodities and Rates, Getting Global, View From Up Top > Australian Dollar Tanks Below Initial Target

Australian Dollar Tanks Below Initial Target

AUDUSD is currently trading at an 8-month low of 0.8467, 100 pips below my initial target. The prospect of a slowing Chinese economy and the European crisis are taking a toll on the pair- and in a BIG way. Even the Euro is screaming higheragainst the Aussie (EURAUD) by over 2.5%. Taking some profits here won't hurt the ledger balance, however I remain long-term bearish and look for much lower prices in the months ahead.

Audusd

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