AUD/CAD 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUD/USD 4H Chart: Channel Up Comment: The Aussie is in a good position to advance against its US counterpart, as AUD/USD has formed a well-defined channel. In addition, the pair is trading above the long-term SMA and above the three-month up-trend. Moreover, most of the four-hour and weekly technical studies are bullish. However, we are likely to see a bearish correction within the pattern before the price starts a new upward wave. In the nearest future AUD/USD is expected to bounce off of the

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