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The thing about key reversal days in FX is when is the close?
Gotta pick a time and stick to it I guess, although the end of NY trade does make some sense.
Anyway – AUD key reversal day (there are more in other currencies today also, feel free to post in the comments):
Key reversal days are said to indicate a change in trend (comments welcome on that also).
This article was originally published by Forexlive.com. Read the original article here.