Mon, 23 Jul 2012 11:17:47 GMT
AUD/USD 1D Chart: Rectangle
AUD/USD has been trading in the 1200 pip range since the beginning of October, 2011 and has formed a Rectangle pattern on the 1D chart. The pattern has 57% quality and 86% magnitude in the 208-bar period. The pattern started on the 4th of October, 2011, when the pair bounced from 0.9388 and after testing pattern's support and resistance band twice