Market Awaits Bernanke’s Testimony on Future Monetary Policy
February 10, 2010 by ForexYard
Filed under Daily Forex Analysis
AUD/USD:
The pair has recorded a bullish behavior yesterday. However, the technical data indicates that this trend may reverse anytime soon. For example, the 4- hour chart’s Slow Stochastic shows signals that a bearish reversal is imminent. Forex traders have the opportunity to wait for the downward breach on the hourlies and go short in order to ride out the impending wave.
