AUDUSD in the consolidation mode

24 בנוב׳ 2014

Aussie's sell off seems to be running out of steam or at least taking a break. On daily chart we see a flag/triangle pattern forming. If the downtrend assumed, flag will break to the downside. It can be an excellent low risk opportunity to trade. Firm close below 0.8550 will suggest more decline. Long positions above 0.8800