Risk of Australian Dollar Turnaround is Real - but When?
Trade Implications – AUDUSD: We once again tried calling for an Australian Dollar turnaround last week, and we were once again forced to reconsider as the AUDUSD got slammed right back down. What now? The recent build in crowd long positions leaves us in favor of continued Aussie depreciation.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.