EUR/AUD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Band SA
© Dukascopy Band SA
Even though it looked like EUR/AUD was trading inside the bounds of a solid senior channel up pattern yesterday, the pair has now sketched a channel down around the latest wave south and appears to be unlikely to still give in to the senior channel lines. Following the bounce from the upper boundary, we will look for tests of 1.4171, the bottom Bollinger Band, 200-hour SMA and the senior channel trend-line cluster and the stickiness of the area suggests that the rate will step underneath. After that, 1.4154 will come into play and ultimately 1.4131, the junior channel bottom trend-line will come into play.
© Dukascopy Band SA

Actual Topics

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.