Wednesday, May 22, 2013

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Subscribe to this list via RSS Blog posts tagged in AUD
Quick look at the AUD USD chart, we could see that the pair is breaching all the resistance levels facing it, specially after closing from the upside channel's support.

Please take a look at the chart (click on image for full size view)

 
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Posted by on in Daily Technical Analysis
Updating yesterday’s report, we can see that the pair hovers around the support for the ascending short term channel.
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Posted by on in Daily Technical Analysis
After exiting the ascending channel organizing the short term bullishness, which started with consolidation at the channel’s support around 0.8080, the pair declined in a correctional move and settled for 23.6% correction and rebounded to the upside as shown below returning above the breached support for the ascending channel.
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