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The AUDUSD took out the critical 0.9580 last support level and established a new low of 0.9539 which started me thinking is there a bottom to the AUD?

Then again, the AUD staged a great comeback by defending the low and is currently trading at 0.9665.  So, the real question here is, is the AUD going to go to 0.92 like what the street is saying?

I am not convinced.

I am going to undertake an analysis of the AUDUSD and share my thoughts with all of you next week.  Maybe, the time is near to do a long dated call option on the AUDUSD to capture the BIG move back up?  Possible?  Maybe?

 

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