Just looking at two potential necklines. Both probably matter.
If you take away the overthrow in 2008, you get a very clean horizontal neckline that just broke, signaling recent acceleration downward in AUD. This is also likely why we were muddling around recently in the current range for such a long time. The other neckline was already broken, but it based on reaction to resistance, I think the horizontal neckline is the more followed resistance level.
If you take away the overthrow in 2008, you get a very clean horizontal neckline that just broke, signaling recent acceleration downward in AUD. This is also likely why we were muddling around recently in the current range for such a long time. The other neckline was already broken, but it based on reaction to resistance, I think the horizontal neckline is the more followed resistance level.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.