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LewisGlasgow
Mar 22, 2017 7:33 PM

AUD/NZD - Price Structure 

AUD/NZDOANDA

Description

What's up everyone, here we have AUD/NZD on the 1h chart with a very distinct ascending channel.

Price has been trading within this area since February 2017 testing both support and resistance various times, with no sign of a clear breakout.

The purpose of this post is to highlight the key price structure within the market... Refer to this chart whether you're going long or short.

Please feel free to leave your opinion below.
Comments
TomWhitbread
thanks for sharing
LewisGlasgow
@TomWhitbread, you're more than welcome
Assem_Mansour
Thanks for sharing

LewisGlasgow
@Assem.sayed, you too! Great analysis, seems to have formed a bearish bat on the daily chart :)
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