AUDUSD - Short - Downtrend Continues
We have been short AUDUSD for a while and are encouraged by the continuation of the recent downtrend mainly due to the trade war as Australia is a major exporter of commodities to China in particular Iron Ore and Coal. Therefore we maintain our short position and will look towards key US data this week and AUD/USD employment data before looking to take profit at the 0.668 support level.