Monday, March 19, 2012

The Carry Trade

 The carry trade pair AUD/USD intraday still looks pretty good here.

However on a longer term basis as the market has been moving up, the Carry trade is being unwound.

*** I just looked at FXA and it's moving higher right now after the first chart was captured.

The longer term chart though is a bit more problematic for the market with the Carry trade being unwound.

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