Hedge funds cut the teeth on the Aussie

Open AUD/USD positions according to Australia’s jobs report

Averaging is an extremely dangerous technique. Only a newbie knows about it. However, the desire to breakeven a losing trade sometimes lets down even a professional trader. The attempt of hedge funds to increase shorts on the Australian dollar as the price is growing could turn into a disaster. The AUD/USD pair was 28% up from the lows hit in March. The AUD bulls were a little discouraged in the week ended June 12 by the sell-offs in the US stock market amid the concerns about the second wave of COVID-19. The correction will…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>