Aussie Dollar Getting Set for Retracement

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The Australian Dollar has seen a roller coaster of volatility in the past few months as the pair whipsawed within a 350 pip range. However, despite the recent declines, the AUD finally looks to have discovered a bottom and is subsequently readying for a sharp retracement. Since August, the venerable pair has traded between 0.6925 and 0.7383, with the smart money playing reversals from the range. Monday, yet again, saw the AUDUSD approach and reverse from the bottom of the channel and a

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