AUDUSD – 4Hour Time Frame 11th June 2014

AUDUSD on the 4hr time frame. Lets take a look at the chart in greater detail. Pair has broken above the channel and we are seeing inside bars after the breakout indicating more consolidation before any moves. I would not discount a retracement back down to test the channel. If the channel is tested and it

AUDUSD Technical Analysis on 4th June 2014

Hi Traders! The Aussie dollar is currently in a consolidating pattern, unable to close convincingly below 0.92 and hold down below 0.94. We need to see a break below 0.92 in order for the pair to retrace lower to 0.91, seen as a support area where the bulls might come in to push the pair back

By |2017-01-01T13:01:14+08:00June 4th, 2014|Categories: Daily Technical Strategy|Tags: , |0 Comments