Daily Market Review: AUD / USD 3rd December 2013

Recommended Trade: AUD/USD

On December the 2nd, a Channel Down has been identified. This pattern, still in the process of forming, indicates a possible bullish price movement towards the resistance at 0.945, during the next 6 days.

Point (B), on the graphic, shows the last resistance turning point of the Channel Down at 0.94485. While Point (A) indicates the last support turning point of the Channel Down at 0.90645.

data interval: daily

Currency-chart-AUD-USD-3rd December 2013

Currency-chart-AUD-USD-3rd December 2013

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John Walker

John Walker

Editor at Tradingbroker.co.uk
John was born in London ( United Kingdom ) and studied at The London School of Economics. Currently he lives in Sydney ( Australia ) and he works as editor at Tradingbroker.co.uk.
John Walker

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