Thu, 09 Jan 2014 14:56:27 GMT
AUD/USD 1H Chart: Channel Down
After a rally to 0.90 during the first couple of days in January, the AUD/USD pair has inched back to a weekly S1 at 0.8864. However, the pair refuses to go any lower and at the moment of writing was changing hands at the level of 0.8889. While market sentiment has been strongly bullish during the last couple of months,