@RM
This is what I came up with using the suggested trend line technique, from 05/2013 to Current ( in red). Does it look reasonable? The other lines are of course moving averages (price is below all of them)
It is indeed, unorthodox...and it presents a worse fate than before. Having said that, I shrunk the chart and went further back in time, from a higher high (previously 09/2014, now 05/2013, when it was above Parity with USD ($1.03)) let's discuss Tuesday?
P.S I'm surprised how accurate the DMI is....
AUDUSD - MONTHLY
AUD continues to tank.....USD 0.7138 @ 2:30 am , Jan 6, page-16
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