AUDUSD Refuses to Add Momentum to its Decline, Extreme Quiet Extended
A coordinated shift towards risk aversion led by AUDUSD this past session was tempting for traders hungry for volatility. Yet, those hoping for a return to normal market conditions were once again disappointed as a lack of conviction dampened the potential behind the general risk aversion shift. In the meantime, the level of activity in the markets grows increasingly more extreme and the probability of an abrupt shift towards normal trading conditions (and likely carrying a distinct risk aversion move with it) builds. In today's video we take stock of the extreme readings in the market and discuss the setups that await the return of volatility to activate.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.