AUD/NZD 1D Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Australian Dollar has been in decline for the past three years. However, right now we would rather focus on the last 150 days, as during them the currency pair has been trading between two parallel down-trends.
At the moment the exchange rate is fluctuating just below the upper boundary of the channel, meaning there are significant down-side risks. Additionally, most of the daily and weekly technical indicators are giving ‘sell' signals. Accordingly, AUD/NZD is likely to move away from the resistance at 1.0745 and head towards 1.0223, where we may expect a start of the bullish correction.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 10 Mar 2014 12:41:26 GMT

EUR/TRY 1H Chart: Channel Up

Although the first part of February EUR/TRY remained quite flat, in the end the Euro started to outperform the Turkish Lira, eventually leading to formation of the upward-sloping channel.Given that last Friday the currency pair bounced off the lower edge of the corridor, it is expected to remain on a bullish path at least until the resistance near 3.11 is

Mon, 10 Mar 2014 09:50:03 GMT

EUR/CAD 4H Chart: Channel Up

Since the very beginning of the year, the single European currency has been on the rise versus the Canadian Dollar. In mid-January, the pair started to shape a channel up pattern that took the currency couple to a four-year high of 1.5443. The pair now is vacillating slightly above this mark and above the pattern's resistance, adding to signs that

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.