Forex Slang

Aussie

Forex slang for the Australian Dollar (AUD) or AUD/USD currency pair.

Definition

Aussie is trader slang for the Australian Dollar (AUD) and commonly refers to the AUD/USD pair. Australia's economy is heavily tied to commodities, making the Aussie sensitive to gold, iron ore, and coal prices.

How It Works

"Buying the Aussie" = going long AUD/USD
"Selling the Aussie" = going short AUD/USD
Correlates with commodity prices (gold, iron ore)
Sensitive to RBA (Reserve Bank of Australia) decisions

Trading Tips

Most active during Asian and early London sessions

Watch Chinese economic data (Australia's main export partner)

Risk-on currency - rises when markets are optimistic

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