Aussie could be in trouble.
Aussie stalled @ 1999 high, which has been used in the past. A weekly close below this line, and a daily close below median descending channel slope line, means trouble for the aussie.
Target - 2008 Low @ .60$
Stop - .6870 $ August High
Weekly Chart.
Already closed below 2016 low will 1999 low be the last hurdle?
4- Hourly Chart
Aussie keeps making lower highs @ bounces from 1999 high.
Target - 2008 Low @ .60$
Stop - .6870 $ August High
Weekly Chart.
Already closed below 2016 low will 1999 low be the last hurdle?
4- Hourly Chart
Aussie keeps making lower highs @ bounces from 1999 high.
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