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

AUDUSD stays in a trading range

Discussion in 'Technical Analysis' started by ForexCycle.com, Oct 2, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    AUDUSD stays in a trading range between 0.9280 and 0.9526. As long as 0.9280 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8892, one more rise towards 1.0000 is still possible after consolidation. On the downside, a breakdown below 0.9280 support will indicate that the uptrend from 0.8892 had completed at 0.9526 already, then the following downward movement could bring price 0.8500 zone.


    Provided by ForexCycle.com

Share This Page