AUD/USD key reversal day

Technical Analysis

The thing about key reversal days in FX is when is the close?

Gotta pick a time and stick to it I guess, although the end of NY trade does make some sense.

Anyway – AUD key reversal day (there are more in other currencies today also, feel free to post in the comments):

Key reversal days are said to indicate a change in trend (comments welcome on that also).

For bank trade ideas, check out eFX Plus

Articles You May Like

Gold closes week above $2,700, US PCE data in Focus
Eurozone negotiated wage growth seen accelerating in Q3
AUDUSD bases near support. Stretching to new highs above swing area at 0.6505 to 0.6513.
Sentiment Stabilization Reverses Yen Gains and Halts Gold’s Rebound
TJ Maxx parent says holiday shopping is off to a ‘strong start,’ but its guidance tells another story

Leave a Reply

Your email address will not be published. Required fields are marked *