Our Algo Engine generated a buy signal in the AUD Betashares Australian Dollar ETF on the 11th December at $14.75. Since then, the ETF has rallied 10% in line with the Australian dollar bouncing from .7510 to .7870.
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On the flip side, we’ve seen the USD Betashare ETF make lower lows and lower highs.
We feel that the counter-trend which has played out during the past month will begin to normalise and we are likely to see a shift back towards USD strength.
