Mon, 10 Mar 2014 10:08:08 GMT
AUD/NZD 1D Chart: Channel Down
The Australian Dollar has been in decline for the past three years. However, right now we would rather focus on the last 150 days, as during them the currency pair has been trading between two parallel down-trends.At the moment the exchange rate is fluctuating just below the upper boundary of the channel, meaning there are significant down-side risks. Additionally, most