The Australian dollar have rallied and made extreme correction which was caused by several disappointments out of the Australian economy. Many of the professional forex traders are expecting a big correction. It appears that we may very soon see a reversal on AUDUSD.
I’m short @ 9412!
Due to the Ukraine crisis! Rest assured it will drop eventually but be prepared for it to rally to 0.9600 area. It may not this time but when it does, expect a big drop!