AUD/NZD 1D Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
It has already been more than 200 days since AUD/NZD started to exhibit tendency to decline. At the same time it appears that the currency pair has formed a bearish channel. However, while the formation seems to be viable, there are too few confirmations of the falling trend-lines. Accordingly, this corridor is rather a potential pattern rather than the actual one. Consequently, we would expect the resistance at 1.1126 to hold and AUD/NZD to preserve downward momentum, but there should be more points of contact between the price and the boundaries of the pattern before we can speak of probable reversal levels with a reasonable degree of confidence.

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 03 Jan 2014 11:56:34 GMT

GBP/JPY 4H Chart: Channel Up

This channel up pattern has recently featured in one of our reports. Then the rate was fluctuating just below the upper boundary of the figure after forming a rising wedge within its boundaries.As it turned out, the Sterling managed to decouple from the rising resistance line and fell through all of the nearest support levels straight to 170.90. Here the

Fri, 03 Jan 2014 08:49:17 GMT

CAD/JPY 4H Chart: Rising Wedge

Only 24 hours ago CAD/JPY fluctuated within the boundaries implied by the 80-bar long rising wedge pattern. However, the currency pair has already managed to break out of it to the downside and reach the initial target of 98.21. And even though the price has covered more than 100 pips since the breach of the up-trend, the bullish momentum still

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.