AUD/USD Bottom Lacks Confirmation into 2020

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By Daniel Dubrovsky

aud/usd

 The Australian Dollar managed to recover about 1.6 to 1.8 percent against the US Dollar in the last three months of 2019. While this might have been the best quarter since Q3 2017, it certainly was not the most exciting. Using average true range over a 3-month period, we have not seen such extreme measures of subdued volatility since the end of 2002. Due to fundamental uncertainties, we may continue seeing a lot of range-bound price action ahead and the technicals seem to be pointing in that direction as well.

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