1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

AUDUSD formed a sideways consolidation

Discussion in 'Technical Analysis' started by ForexCycle.com, Mar 3, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Joined:
    Sep 1, 2008
    Messages:
    914
    Likes Received:
    0
    Being contained by 1.0199 resistance, AUDUSD formed a sideways consolidation in a range between 1.0085 and 1.0201. The price action in the trading range is more likely consolidation of uptrend from 0.9943, a break above 1.0201 level could trigger another rise towards 1.0400 zone.

    [​IMG]

    Written by ForexCycle.com
     
Loading...

Share This Page