Open trading account 
The Aussie has been the worst performer of 2013 as I write and really is due a move higher - Down over 11.8% YTD it is really oversold, It seems for now that we could see an Inverse H&S formation, but it may be to soon to call it. Like all FX pairs - a lot depends on the Taper decision as this will directly hit EM markets and the AUD will be hit as a proxy hedge to further declines in EM markets. This combined with the Quant view that the interest rate differential is playing a major part in the…
AdrianWS's Blog
AUDUSD long
As we stand now weekly stochastics signal the most oversold AUDUSD since 2004, well below the levels seen in 2008, RSI is at similar levels and recent CoT data has shown us that there are record shorts in the AUDUSD. For this reason getting long on a contrary play is my main trade for the summer months (and for the next two weeks while I'm on holiday).Here shows the weekly chart with very support candles and with Stochastics very smoothly signalling a move higher. Both previous oversold stochast…