Dollaro australiano / DollaroAggiornato AUDUSD 240 possible channel shaping up
Above our current PA we had a very long time frame flat bottom triangle (in green) with a bottom break out 5 May 19 and retest as resistance 7 June 19. And below our current PA we have a SR that was last tested 18 Jan 2016. And the last actual cross of that SR was Oct 2008 through Mar 2009 – in other words a long long time ago.
I’m not sure of the significance of these two SRZ’s, but a channel could be shaping up.
I’m not sure of the significance of these two SRZ’s, but a channel could be shaping up.
Nota
Great retest as resistance at the bottom of the flat bottomed triangle spot on with the last LH. I'll be looking for a downward cross of the RSI at 50 with a close below 50.
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