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Aussie Trading in a Triangle Pattern Within a Broader Range

Aussie Trading in a Triangle Pattern Within a Broader Range

The Australian-US Dollar is currently trading within a range between 0.7480 and 0.7330 and in a narrower range comprising 0.7440 to the top and 0.7350 lower end. This range is becoming increasingly sqeezed and the pair is now trading within a traingle pattern. Within...
AUDUSD Falls After Hitting Strong Resistance

AUDUSD Falls After Hitting Strong Resistance

Aussie Falls As Predicted We suggested the strong possibility of AUDUSD facing a major hurdle around the 76.50 to 76.70 area. This area had a confluence of resistance, formed by the meeting point of the broken rising trendline and the shorter-term downtrend, as well...
AUD-USD Faces Trendline and Fibonacci Resistance

AUD-USD Faces Trendline and Fibonacci Resistance

14/05/2018 Resistance also offered by the intersection of uptrend and downtrend lines The Australian Dollar has bounced quite nicely from a low of 0.7420. The bullish wick formed there has taken it to just shy of 0.7560. However, this looks likely it is more of a...