Πέμπτη 17 Δεκεμβρίου 2015

Technical Analysis AUD/USD

The pair is currently stuck within a triangle whose upper resistance is skewed downward, thus narrowing down the triangle as time flies. The outcome of this triangle will tell us the future trend to follow (either upside breakout or downside breakout). Bears are currently dominating as the pair is making lower highs. In case of a breakout of a support, we can expect a strong downside move.

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