31st Jan - AUD/USD Bears Challenge Channel Base
31 January 2014
WEEKLY CHART:
The medium/long term channel base projection provided earlier support – recent weakness has seen a return to this, with the likelihood of a break lower.
DAILY CHART:
The Aug-13 low support area has yielded now, with bears driving lower. Interesting supports here include a Fibo projection at 0.8245 and the bear channel base projection around 0.8100 currently.
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