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AUDUSD Drops Below Ascending Trend-Channel Support

Discussion in 'Technical Analysis' started by Kaitlin, Feb 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Following its pullback from 0.7215-20 important resistance confluence, encompassing upper-line of a month old ascending trend-channel and 38.2% Fibonacci Retracement of June 2015 – January 2016 downside, the AUDUSD dropped below 0.7070 mark that includes 23.6% Fibo and the channel support, favoring further south-run by the pair towards 0.7000 immediate[​IMG]

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