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Though I am very bearish on US dollar, there are times which market think that USD is oversold and wants to buy them, and there are times which market think that USD will weaken further so market sells them.
I think this week we will see US Dollar weakness. To tap on US Dollar weakness, I like to buy the high yield currencies and sell US Dollar.
We are likely to see AUDUSD reaching parity over the next few months.
Bought 100,000 AUDUSD at 0.9765
Stop level at 0.9690
Target level at 0.9830
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