1. Hello Guest Click here to check FX Binary Point Financial Directory

AUD/USD Struggles to Break Out above Key Consolidation Pattern

Discussion in 'Technical Analysis' started by Kaitlin, Jan 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    AUD/USD made a tentative breakout above a small, inverted head-and-shoulders pattern on Wednesday, but pared most of its gains by the afternoon. During the Asian session early Wednesday, Australia released its Consumer Price Index (CPI) inflation reading that showed a greater-than-expected increase in consumer prices, prompting AUD/USD to rise to[​IMG]

    Continue reading...

Share This Page