Is this Australian Dollar Rally the Real Deal? Probably Not
- Australian Dollar trades at critical resistance, fails to break higher
- Strong disconnect from Gold prices warns Aussie$ rallies may be at risk
- Sharp shift in retail FX sentiment warns we’re at make-or-break levels
Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.