AUD/SGD 4H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
AUD/SGD had not attempted 1.0953 for two years before February when the area was attacked from beneath. The pair has since left the zone, but is still showing signs of bullishness as highs lose amplitude. A falling wedge has been leading the motion for the last few weeks and a close above 1.0569 would serve as a confirmation of a bullish reversal to pave the way for possibly repeated attacks at the 1.0953 area. An alternative small-scale upper trend-line sets the immediate resistance area at 1.0531 while the original bottom boundary of the pattern is the current support at 1.0508.
© Dukascopy Bank SA
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Wed, 12 Apr 2017 13:25:49 GMT

AUD/USD 4H Chart: Channel Down

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Wed, 12 Apr 2017 07:46:40 GMT

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