Tue, 16 Dec 2014 09:12:29 GMT
AUD/USD 1H Chart: Descending Triangle
The Aussie continue to underperform relative to the US Dollar; however, after finding a support level around 0.82 it managed to form a descending triangle pattern.
The pattern has already left the boundaries of the pattern; nonetheless, it still remains supported at the same level. Therefore, we think that the break-out is still to come and according to SWFX traders' opinion