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Descending Trend-Channel Support Might Trigger EURAUD Pullback

Discussion in 'Technical Analysis' started by Kaitlin, Nov 25, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Failure to sustain the 1.6200 break kept pulling back the EURAUD, as indicated by the short-term descending trend-channel; however, the pair is currently trading near the channel support, at 1.4600 round figure mark now, and can witness a bounce to its 1.4800 immediate resistance, comprising 61.8% Fibo of its April[​IMG]

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