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| | |-+  AUD/USD Testing Channel Resistance After Double ZigZag
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Author Topic: AUD/USD Testing Channel Resistance After Double ZigZag  (Read 4696 times)
pranjali
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« on: April 29, 2010, 11:15:56 am »
AUD/USD Testing Channel Resistance After Double ZigZag
         

4H: I noted a completed double ZigZag in the 4.28.2010 AUD/USD update. The market has continued to rally, but is now testing the a declining channel resistance at 0.9290. A break of this channel, and an RSI break above 60 is a signal for the outlook shown below on the...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/aud%10usd-testing-channel-resistance-after-double-zigzag-20100429112048/
         
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