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AUD/CAD 4H Chart: Descending Triangle?

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    AUD/USD 1H Chart: Channel Up Comment: AUD/USD is above the long-term moving average and is trading within the boundaries of the bullish channel. However, the chances are that the latest recovery from 0.6920 (Jan 26 low) will be stopped by supply circa 0.7180. There the pair is to meet the trend-line that performed the role of the lower boundary of the triangle, which in turn has recently been broken to the downside (daily chart). Accordingly, despite the buy signals in the hourly chart, the

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