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Aussie Dollar Offers Great Technicals, Patiently Awaiting Fundamental Catalyst

From dailyfx.com

The best trades are those that find meaningful fundamental and technical opportunity unfolding at the same time. The Aussie Dollar may appeal How often do we find high level event risk that leverages a surge of volatility but a lack of technical course sees interest fizzle out nearly as quickly as the move initially forms? Or how about a high-profile, technical pattern that is so weighty that its speculative interest draws enough interest for a break; but the lack of fundamental motivation kills the move before momentum can even gain a foothold? When traders look to filter out good trades, they either look to align ... (full story)

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  • Category: Technical Analysis