Forex Trading Blog

  • Recent Posts

  • Authors

  • Categories

  • Archives

  • Subscribe

    Add to Google Reader or Homepage

    Add to My AOL

    Subscribe in NewsGator Online

     

    Forex Trading Blog - Forex Trading Blog » DailyFX Radio Podcasts - Forex Trading Blog » DailyFX Radio Podcasts

  • Opinions - Not Facts

    This blog consists of contributions from FXCM staff, executives and people that have a relationship with FXCM. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FXCM policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FXCM policy, please contact FXCM through the firm's official website, www.fxcm.com.

    • « Look before you leap into a trade. | Home | Forex - Risk of Bank of England Rate Cut? »

    Forex: Australian Dollar’s Limit is 10 Trading Days

    By DailyFX Updates | October 2, 2007

    The Australian dollar has had a magnificent run over the past few weeks but that run has finally come to an end after 10 consecutive days of strength.  It seems that 10 days is the max of any AUD/USD rally.  Back in July, when the currency pair raced from 8550 up  to 8800, the one way directional move also matured after 10 trading days.  What does this mean for the AUD/USD going forward? As you can see in the trading pattern back in July, we could see some consolidation before a more major turn.

    audusd100207


    Tags: , ,

    Topics: DailyFX.com Updates |

    Comments