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AUDNZD Trend Channel Relieves Pressure On A Range Setup

Discussion in 'Technical Analysis' started by ActionForex.com, Dec 10, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    There has been notable congestion in AUDNZD since the beginning of the month; but our interest in this pair's range is established on the rising trend channel that has defined a bullish advance since the early October reversal. To bolster support, a notable 38.2% Fib coincides with the rising trend...

    complete article here...

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