Wed, 19 Aug 2015 12:55:14 GMT
AUD/USD 4H Chart: Double Bottom
It seems that the 200-period simple moving average (SMA) is hampering not only the CAD/CHF's recovery, as the present currency pair is experiencing the same problem. The cap in face of the SMA is sloping downwards, thus posing extra risks for the Australian Dollar, which attempts to rise as high as the pattern's upper boundary/monthly PP around 0.7430. Meanwhile, AUD/USD