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Chart Of The Day: AUD/NZD

Discussion in 'Technical Analysis' started by ActionForex.com, May 16, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Price on the AUD/NZD daily chart, as shown, has just bumped up against resistance within the context of a rather well-defined parallel uptrend channel. A true break of uptrend resistance in a channel is a sign of trend acceleration. If this break occurs, major historical resistance to the upside resides...

    complete article here...

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