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).
Note
Nice to see AUDUSD holding some strength which keeps the BTCAUD price down
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