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Aussie Dollar Set for Bullish Leg

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Australian Dollar has continued to feel the wrath of mounting Chinese economic concerns over the past few trading sessions. Subsequently, the pair has retained its bearish outlook, but the recent falls appear to have completed a “C” leg and set the Aussie up for a short term retracement. The Aussie Dollar has been a darling for the bears over the past few trading sessions with a defined short trend in place. The depreciation has largely been due to the end of the commodity super cycle and

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