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Chart Of The Day: AUD/USD

Discussion in 'Technical Analysis' started by ActionForex.com, Feb 11, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    After breaking out above a downtrend resistance line (represented on the displayed chart by the upper red line), price on the AUD/USD daily chart performed a classic throwback right back to the line. After this throwback, price abruptly bounced up again, as might have been expected. This type of breakout...

    complete article here...

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