AUDUSD returns to channel on resistance retest

FX:AUDUSD   Australian Dollar / U.S. Dollar
The Euro             picked up early morning along with the Pound and Australian Dollar             , but the Greece debt crises soon put a damper on the optimism of the Euro             . In fact, this is when the Euro             zone accepted the new Greece debt proposal. It seems like they are willing to put up with Greece’s shenanigans just a bit longer.

Before we get to the Euro             pairs, the AUDUSD             is back into a ranging movement as it tests the resistance zone after what I expected to be a break-out sending the pair higher. The breakout was followed by two lower high fractals that served to test this zone once again.

The demand zone is by no means fresh, but given the propensity of the move we still mark it down for a future reference as a likely buying zone. I would not expect the movement to be nearly as strong, but would not rule out the fact that it would be non-existent.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out