I know it has been a week or two since and EDGE chart, and I apologize. However, this very low volatility environment is making it difficult to produce any “good chart” as the market just grinds back and fourth.
The AUD/USD has challenged resistance at .9410 and its previous broken trend line and tested the under belly of it today at the same level. This “confluence” may provide a reversal signal intraday.
Blake Morrow
Chief Currency Strategist, Wizetrade
Disclaimer: I have a short position from yesterday near the .9365 level. I will not carry the trade through Australia employment this evening.
Recent Comments