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Daily Forex Chart Art - Oct. 14, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    AUD/USD: 4-hour If you prefer trading retracements, then you might like this pullback situation on AUD/USD’s 4-hour forex chart. The pair recently broke above the neckline of its double bottom formation, indicating that an uptrend is underway. Price shot up to a high of .7382 before Aussie bulls decided to take it easy and retreat to the broken resistance area. This coincides with the 38.2% Fibonacci retracement level and is close to the .7200 major psychological mark, which might be enough to

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