AUD/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A rise to a five-month high in the second part of October provoked a sharp decline of the Australian Dollar versus its U.S. peer; the drop has been performed within the boundaries of the channel down pattern that took the pair to almost a four-month low in mid-December. The pair is expected to continue the current trend given a moderate bearishness on the market; 54.04% of all orders are placed to sell the pair, according to the SWFX data.
© Dukascopy Bank SA
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