AUDUSD Looks the Perfect Reversal, But Not Until Speculators Return
From a technical and fundamental perspective, AUDUSD looks like an ideal reversal opportunity. Yet, we are missing a critical ingredient - speculators. Without traders online and active, we are missing the critical spark that can break technical boundaries and the liquidity that is critical for feeding a strong drive in risk trends. In today's video, we look over the attractive swing setups that aren't yet ready, discuss the missing puzzle piece for the return to active trading, the likely bearing for a revival in trend and the setups that cater to current market conditions.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.