AUD/USD dropped sharply for 17 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in AUD/USD there is a chance that we will witness a correction, no matter how brief.
After experiencing a 3.47% bullish move in the space of 18 days, nobody knows where AUD/USD is headed.
