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GBP/NZD 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUD/SGD 4H Chart: Channel Up Comment: AUD/SGD has once again confirmed topicality of the bullish channel by rebounding from the rising support line at 1.0230. The target is therefore the monthly R1 at 1.0318, but the rally is unlikely to stop there, it is expected to extend to the upper boundary of the pattern, namely to 1.04, where it is reinforced by the August high. However, we should not rule out a decline, being that the Australian Dollar is already overbought (73% of positions are long),

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