Friday, April 8, 2011

An Intraday AUD/NZD Ascending Channel is Creating Scalping Environment

An Intraday AUD/NZD Ascending Channel is Creating Scalping Environment
After retracing all but approximately 200-pips of its 2011 gains in March, the AUD/NZD pair has continued to correct lower towards the bottom half of its ascending channel range; in fact, a smaller, sub-descending channel has appeared since the start of March.

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