Mon, 24 Aug 2015 14:22:04 GMT
AUD/NZD 1H Chart: Channel Down
Australian Dollar is quickly approaching the upper edge of the bearish pattern, which implies the sell-off is likely to resume in the short term. From bullish perspective, the level of difficulty is rising around the upper boundary of the pattern, which is reinforced by the weekly pivot point and daily R1 at 1.1060. In case the pair succeeds in closing