The aussie has been seeing some wild swings lately, especially considering that six months ago this pair had an average daily trading range of about 80 pips. Currently the pair is been tangled around its daily moving averages trying to break free. The pair on Monday made a new low for the year at .6570 and is again testing that level even as the RSI cycles above the 30 oversold line. It is nice to see volume and ATR starting to even out which would suggest that the market is returning to some sense of normalcy.
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