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This analysis was based exclusively on the graphical / technical analysis.
As can be seen in the chart , the pair AUDUSD is in a downtrend ( long-term trend ) since the day 18.04.2013, because because the price is below the moving average 200 periods .
Currently the price has tested the support zone of 0.8850 3 times which indicates that this area is of high importance and we should have some care .
To add to this level , we have the formation of a reversal pattern (double bottom) , which indic…
As can be seen in the chart , the pair AUDUSD is in a downtrend ( long-term trend ) since the day 18.04.2013, because because the price is below the moving average 200 periods .
Currently the price has tested the support zone of 0.8850 3 times which indicates that this area is of high importance and we should have some care .
To add to this level , we have the formation of a reversal pattern (double bottom) , which indic…