The recent sustained AUD sell-off has over-extended many of the AUD pairs. The AUD is currently at the bottom of a very large sideways channel. This should set up some nice trading opportunities. Our favorite setup is the AUDUSD. The AUDUSD is showing signs of a possible turn in the very near future. Our 4Xlounge Market Barometers provide more data than a standard price chart. Let's take a closer look.
With all of the chaos in the world these days, most market analysts are having a tough time predicting currency moves, but not us. We have the 4Xlounge Market Barometers to guide us. Current market conditions will help us find some excellent long term trades.