Downward channel. Long and short opportunities approaching
This trend has been in this channel for a very long time. It seems to be respecting both side lines with reversals or hesitation in the middle. This is a good pair to watch for eventual break as when it breaks it has the potential to move very far. However on previous breaks it has jumps back into the channel or returned to the downtrend. With China becoming weaker and weaker aud has no real reason to break up. Also with the US stock market at all time highs making now parabolic moves higher, it is making many people uneasy and worried about another crash.
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