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GBP/NZD 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 16, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    AUD/CHF 4H Chart: Channel Up Comment: Although the currency pair has formed a well-defined channel, further appreciation of the Australian Dollar is highly unlikely. At the moment, AUD/CHF is trading near the lower boundary of the pattern that was initiated in the first half of February. Accordingly, while there is a possibility of a short-term rally from 0.7350, the upside is to be limited by 0.7480, namely the upper boundary of the descending channel that connects highs and lows starting

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