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RKchartest
Dec 5, 2016 1:40 PM

AUDUSD in corrective channel. 

Australian Dollar/U.S. DollarFXCM

Description

AUSUSD is sticking within its corrective channel. The DXY 0.01% is weakening at the moment and this pair could continue in the channel. A break below and lower target will be under attack. Risk to Reward is best on the short side, hold if break above.

Comment



AUDUSD has reached lower support in a corrective channel/flag. If a break below a nice move to the downside can happen. If break above hold.
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