AUDUSD Currency Risk Analysis
Updated
I have kept this analysis quite simple as I have risk exposed with DCAing from AUD to BTC as I am Australian.
As most common price to quoting BTC is BTCUSD I need to keep an eye on AUDUSD currency pair.
I will hold half my money in USD and half in AUD that will be used for DCAing weekly
STAY WITHIN 0.63678 - 0.65731
BREAKOUT ABOVE 0.65731
BREAKOUT BELOW 0.63678
As most common price to quoting BTC is BTCUSD I need to keep an eye on AUDUSD currency pair.
I will hold half my money in USD and half in AUD that will be used for DCAing weekly
STAY WITHIN 0.63678 - 0.65731
- Buy 1/2 from USD and AUD each week.
BREAKOUT ABOVE 0.65731
- Purchase only with AUD each week(also re-evaluate if I should only hold AUD).
BREAKOUT BELOW 0.63678
- Purchase only with USD each week(also re-evaluate if I should only hold USD).
Comment
Nice to see AUDUSD holding some strength which keeps the BTCAUD price down
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.