AUD/NZD 1H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After peaking at 1.16 on August 25, AUD/NZD has been moving in boundaries of the descending triangle, however the patter is likely to be completed soon. First, both trend lines will converge on August 30, while yesterday's breakout and the recent throwback are supporting the case of an upcoming apex. However, aggregate technical indicators do not give a clear "buy" or "sell" signals, thus we can rely on market sentiment, which is 73% bullish. Moreover, the volume seems to be decreasing, reinforcing a view soon bulls will be able to penetrate the resistance line, meaning the start of the uptrend.
© Dukascopy Bank SA
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Thu, 29 Aug 2013 13:19:17 GMT

AUD/CHF 4H Chart: Channel Down

The Aussie is losing ground against another major and this time it is the Swiss Franc, and most likely the tendency will persist for some time. Even though on August 15 and 19 there has been two attempts to perform the upside breakout, the pair bounced back after touching the 200-bar SMA. As bulls were unsuccessful and the pair resume

Thu, 29 Aug 2013 13:02:26 GMT

AUD/JPY 1H Chart: Channel Down

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