Missed Trade: Aussie Doji

Published on Wednesday July 14th, 2010 at 01:12AM by keicadelina

Wow, that was a pretty nice doji on AUDUSD's 1-hour chart. It formed near the previous day low and the ATR. Would've been a really nice day trade except that I was wary it would break below that consolidation there.

Then again, it was tough to tell whether this pair would continue with its uptrend yesterday. Moody's just downgraded Portugal's sovereign debt and I thought that would spur risk aversion. But then Greece's bond auction turned out better than expected so higher-yielding currencies rallied anyway.

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