Aussie (AUD) Approaching Resistance Vs. USD!
The Australian dollar (AUD) is probably the best proxy for risk appetite in the forex market as it is one of the most heavily carry-traded pairs because of the high interest rate in Australia. One of the other reasons is because the Aussie dollar is also a de-facto proxy of Chinese growth as China is the largest importer of Australian goods and raw materials. This week is interesting as there is not a lot of news here in the US, but there is a lot of economic data expected from China. This
