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Forex - AUD/USD Record High Marks A Double Top
ForexTV.com (New York) by Marisa Krystian
AUD/USD trading at 1.0957 up 114 pips in a quotidian range of 1.0866-1.0968. Support is 1.0830. Modal point (most thoroughly traded price of the day) is 1.0920.
The hourly shows momentous gains which stalled briefly after a short drop to a long-legged doji at 1.094. This pause, which shows tergiversation in the market and an attempt from sellers to gain control, was followed by an inverted hammer, giving the bulls anticipation of further gains.
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