Thu, 19 Jun 2014 07:00:38 GMT
AUD/CHF 1H Chart: Ascending Broadening Wedge
Australian Dollar has been generally outperforming the Franc for the past 500 trading hours. However, instead of keeping the trading range constant, the swings from one trend-line to another were becoming wider with each new wave, leading in the end to formation of the broadening wedge.Since this is a reversal pattern, the lower trend-line is now considered to be in