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AUD/USD: Light on the horizon for long-term bulls in 2016?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Because we’re entering what is historically one of the quietest periods for markets, we’ll be taking the opportunity to take a longer-term view of many major FX pairs and markets over the next two weeks, starting with AUD/USD today. AUD/USD has no doubt had a rough couple of years, with rates falling from a high near .9500 all the way down to a low below .7000 in early September. From a fundamental perspective, the driving force behind the drop has been a fall in the price of key commodities

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