Trade view / 30 January 2013 at 16:47 GMT

AUDUSD breakout from tight range and new all-time high ahead?

Technical Analyst / Saxo Bank
Denmark
Price target:
Market price:

AUDUSD is trading in a more and more narrow trading range and a symmetrical triangle has formed. A breakout from this current tight range (not seen since 2005-2006) could push AUDUSD to a new all-time high. A major upward move to around 1.16 is not unlikely, says Kim Cramer Larsson, Technical Analyst in a video on TradingFloor.com. A Doji Morning Star pattern has emerged in the past couple of days and the RSI has bounced off the 40 threshold level indicating a bullish rally is ahead. For more information see a related Trade Idea: Buy AUDUSD - New highs on likely triangle breakout.

6y
bgold bgold
Big picture looks appealing but it has for awhile. That said a brave call given today's dark cloud cover.
6y
TenCent TenCent
you can shopw please a chart, conforming your analyse?

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