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Is The AUD Finally Ready To Follow Commodity Prices?

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 19, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
    Likes Received:
    An extended stint in oversold territory has many traders questioning just when the bearish Aussie Dollar will correct itself. However, oversold stochastics may be masking the underlying weakness which is set to continue driving the pair lower. Additionally, as the market prices in the likelihood of a US rate hike,[​IMG]

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