- Forex offers the possibility of high returns
- Diversification in your investment portfolio
- Forex trading offers both long and short opportunities
- Mulder FX is specialized in currency trading
- Minimum investment €100'000,-
- We have achieved very good results
- Clients have 24/7 access to their own account
Our previous trading tip of 4 November on the AUD/USD has been very successful. Our target is reached at 0.97. The current price now fluctuates around 0.96.
We now see a buying opportunity in the Australian Dollar. Especially considering the recent developments in the Forex market, particularly in the field of international relations and monetary reserves. Russia sees merit in the Australian Dollar and Canadian Dollar. This is obviously motivated by recent developments in Europe, new problems and possible instability in Portugal and Spain. The next 3-6 months will be very challenging for the USD; what will be the result of QEII? what will be the development of the unemployment rate?Given the continuing instability in Europe and uncertainty about economic developments in the U.S., it seem plausible that alternative currencies will be bought. A flight to commodities (gold, silver, oil, etc.) also supports the AUD and CAD.
A further revival of the USD in the coming weeks, could cause the AUD/USD to fall to our buy level.
Our advice: Buy AUD/USD at 0.9525 with a stop loss at 0.9460 and our target is 0.9925.
Trading is on your own risk and Forex is high risk.
