Wed, 18 Jul 2012 14:13:02 GMT
AUD/USD 1H Chart: Channel Up
AUD/USD is slowing down while approaching July's high and has formed another, yet shorter, Channel Up pattern on the 1H chart. The pattern has 67% quality and 54% magnitude in the 52-bar period. The pattern started when the pair rebounded from 1.0253 and slowed down at 1.0320 after testing pattern's support band at 1.0203 and 1.0236. Technical indicators on aggregate do