Wednesday, October 3, 2012

AUD/USD 1D Chart Double Top - October 3, 2012

AUD/USD 1D Chart Double Top - October 3, 2012

AUD/USD has formed a Double Top pattern on the 1D chart. The pattern has 85% quality and 81% magnitude in the 91-bar period.

The pattern started on 1st of June, 2012, when pair started appreciating from 0.9582; at the moment pair is trading at Fibonacci retracement (38.2% of move since 1st of June, 2012) at 1.0219; pattern's support is at 1.0167; pattern's peaks are at 1.0614/25...  Read more