technical analysis from iced earth, page-40

  1. 260 Posts.
    lightbulb Created with Sketch. 36
    TA of Aud/Usd - 24 Nov 2011
    ===================================

    In 4hr charts, we could see that the pair is moving in a downward blue channel and after the pair passed down the red support line now is facing the lower line of the channel which could hold the pair from more fall but even so, the pair has the upper line of the channel as the resistance line.



    In daily chart, after the pair touch the important level of 0.94 , moved up till around 1.07 which has previous pick and could not pass it up. Now the pair has the valid and important of level .94 (red line) and blue support line and if these could not hold the pair from further fall, we should see the pair at least around .9



    Also in monthly chart, we could see Andrew pitchfork, around .94 , middle line of the pitchfork acted as support line and we should see if this line could work for aus/usd this time or not

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.