News Column

Forex Strategy: AUD/USD May Offer Entry Near Edge of Trading Range

February 26, 2014

David de Ferranti



Talking Points



  • AUD/USD Technical Strategy: Pending range trade
  • Consolidation continues between support and resistance
  • Awaiting key reversal signal at range extremes for entry



    The AUD/USD continues to search for direction as the pair hovers around the 90 US cent level. Traders have kept prices contained within the 0.8920 and 0.9065 range over the past several weeks. Without a clearer indication of a trend we are left with a neutral technical bias for the pair. However, opportunities may arise at either extremes of the trading range alongside a key candlestick reversal pattern.







    Forex_Strategy_AUDUSD_May_Offer_Entry_Near_Edge_of_Trading_Range__body_Picture_1.png, Forex Strategy: AUD/USD May Offer Entry Near Edge of Trading Range






















  • For more stories on investments and markets, please see HispanicBusiness' Finance Channel



    Source: DailyFx


    Story Tools