A Developing Wedge Makes AUD/USD A Scalping Target
The AUD/USD has traded in a 300 pip range over the past few weeks as risk trends continue to ebb and flow. The credit troubles in Greece continue to be a source of volatility but concerns haven’t reached the level where a broad based flight to safety has been generated. The pair has been prone to spikes in price action which makes it a risky target for true scalpers. However, there are several technical levels that are converging that provide target level to enter and exit positions.
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