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AUDUSD: Rising Wedge Hints Bias Remains Bearish

AUDUSD: Rising Wedge Hints Bias Remains Bearish

2010-03-12 09:46:00
Ilya Spivak, Sr. Currency Strategist
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AUD/USD

Strategy: Pending Short

AUDUSD positioning continues to cautiously favor the downside with prices showing the outlines of a bearish Rising Wedge formation. That said, we do not have a clear entry signal at present and will continue to monitor price action for selling opportunities.

031210 AUD


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