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Chart Of The Day: AUD/USD

Discussion in 'Technical Analysis' started by ActionForex.com, Mar 13, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    AUD/USD, a daily chart of which is shown, has recently been entrenched in a prolonged consolidation right above a gradual uptrend support line extending from the October 5-year lows (around 0.6000). Within the context of this consolidation, price has also formed a triangle-like formation which was just broken to the...

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