Thread: Will AUD rise or fall? Should I hold?

Hi all,

I am a new member to this forum interested in forex trading. I am currently holding some AUD and am unsure if I should be holding or selling them.

Following the news this past few weeks, I've noticed how the AUD is heavily dependent on the Euro and China economy.
And with the recent news of U.S senate's decision on a bill to penalize China exports if they do not increase the value of the yuan, do you guys think the consequences of this would ultimately result in some form of slowing down of the China economy, and thus affecting the AUD?

Also, the AUD has been going up recently and I've read news that this is bad for the tourism industry and trade? Is this something I should be worried about?

As I have a significant portion of my nest egg in AUD, I am unsure if its a wise idea to hold on to it. Please advise!

anyone have any ideas? The uptrend since 2008 is giving signs of a reversal, and I dont know if i should be exitting now.

of course there's no way to know for sure but I'd say hold for at least 3 more months and re-evaluate in mid January. I think there is some good upside in this for now.