On the other hand, its half brother, AUDCAD has already broken the triangle formation and heading for a move lower. (detailed chart [here])
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| AUDUSD H4 |
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Tuesday, October 2, 2012
AUDUSD Channel
Post RBA rate cut (details [here]), AUDUSD has moved sharply down but its still in descending channel. If this descending channel breaks, next support comes at 23fibo.
On the other hand, its half brother, AUDCAD has already broken the triangle formation and heading for a move lower. (detailed chart [here])
On the other hand, its half brother, AUDCAD has already broken the triangle formation and heading for a move lower. (detailed chart [here])
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