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Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex Trading - AUD/USD Holding Our Channel

Posted by Alex Chernomordin on Tue, 07/22/2008 - 5:30am in

The AUD/USD chart posted yesterday has continued to hold our channel to the pip, as it traded up the support slope since our last post regarding the Aussie. The 50 day and 200 day moving averages continue to provide support for this pair.