AUD/NZD 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
© Dukascopy Bank SA
A rising wedge pattern started on August 12 and lasted until September 5, when AUD/NZD broke through the pattern's support, as a surge to more than two-month high of 1.1660 on September 4 provoked a sharp decline that took the pair below this support. Nevertheless, traders are bullish on the pair, with 67.74% of them betting on an appreciation of the currency couple. If AUD/NZD falls below the level of 1.1532 (daily S1 and 200-hour SMA), it is likely to belie traders' outlook and drop to the next support region at 1.1498. However, if AUD/NZD regains momentum, it may climb to its 20-hour SMA at 1.1566 that, if overcome, will spur rally to daily pivot at 1.1500.
© Dukascopy Bank SA
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 06 Sep 2013 07:51:03 GMT

GBP/USD 4H Chart: Channel Up

The pair has been facing a strong buying pressure since it surpassed its 200-bar SMA on August 2, the level which was breached only once during the last two months. GBP/USD continued its rally until it met an important resistance at a two-month high of 1.5717 that sent the currency couple to its short-term SMA currently at 1.5592. Despite trading

Fri, 06 Sep 2013 07:18:26 GMT

NZD/USD 1H Chart: Channel Up

NZD/USD has been in an uptrend for more than four days, vacillating in a narrow corridor shaped by two upward-sloping lines. Although, on September 4, the currency couple touched a two-week high of 0.7928, it did not manage to consolidate at this level and dropped to the pattern's lower boundary at 0.7858, a stab to which fuelled a rally to

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.