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AUDUSD Advance Requires Ideal Conditions, Reversal a Constant Threat

AUDUSD Advance Requires Ideal Conditions, Reversal a Constant Threat

2012-08-08 03:18:00
John Kicklighter, Chief Strategist
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The benchmarks for investor sentiment (AUDUSD and S&P 500 among them) continue their advance, but the lack of momentum and fundamental headwinds are painfully obvious. In today's video, we discuss what the specific market conditions are for maintaining this passive advance for the high yield and high risk assets, along with the violence that a reversal in speculative bearings could incite. Congestion-based setups are still the most reasonable setups, but true momentum and trend will be reserved for the inevitable return of volatility.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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