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

Chart Of The Day: AUD/USD

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

  1. ActionForex.com

    ActionForex.com Content Contributor

    Joined:
    Dec 24, 2007
    Messages:
    2,465
    Likes Received:
    0
    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...
     
Loading...

Share This Page