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AUDNZD Struggles Near Trend-Channel Support

Discussion in 'Technical Analysis' started by Kaitlin, Dec 18, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Ever since the AUDNZD reversed from 1.1080-85 resistance area, it kept extending the downside, as indicated by the short-term descending trend-channel; however, the pair has been struggling near the channel support off-late where further south-run is limited around 1.0560-50 and the up-move being capped by the intermediate resistance-line, presently at[​IMG]

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