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7 Jan 2014
Flash: AUD/USD a continuation pattern?
FXstreet.com (London) - Karen Jones, chief analyst at Commerzbank said AUD/USD it is unclear to us if the market is base building OR this is a continuation pattern.
Key Quotes:
“AUD/USD last week severed its 2 month downtrend but has seen very little follow through”.
“A close above 0.8990 would complete a small base and point to recovery to 0.9166/80, the December high and the 38.2% retracement of the move down from October”.
Key Quotes:
“AUD/USD last week severed its 2 month downtrend but has seen very little follow through”.
“A close above 0.8990 would complete a small base and point to recovery to 0.9166/80, the December high and the 38.2% retracement of the move down from October”.