just an extra chart to add to the analysis. This is for most pairs the same.
We re trading within a wide range for the pair and we are at the base of the channel now. In essence, it will be difficult for the pair to trade below the base, and usually it returns within.
The objective would be mid-range and we may see a corrective action back to 10.4900 again.
We re trading within a wide range for the pair and we are at the base of the channel now. In essence, it will be difficult for the pair to trade below the base, and usually it returns within.
The objective would be mid-range and we may see a corrective action back to 10.4900 again.
