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AUD/NZD 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 22, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/CAD 1H Chart: Channel Down Comment: Although the quality of the pattern is low, the bias towards EUR/CAD is still bearish. The pair is currently trading next to the upper boundary of the potential channel, which is also reinforced by the daily and weekly pivot points. Demand circa 1.5150, however, is going to be a major challenge for the bears, but beneath it the sell-off will be expected to extend down to 1.4950, namely the January low and the lower trend-line of the emerging channel. At

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