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InvestingScope

Target hit. Channel Down intact. Short on new Lower High.

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AUD/HKD (OANDA:AUDHKD)  
InvestingScope  
OANDA:AUDHKD   AUD/HKD
Trend Analysis Chart Patterns Technical Indicators AUDHKD aud HKD australiandollar hongkongdollar Forex Currencies currency
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trendanalysis chartpattern indicator audhkd aud hkd australiandollar hongkongdollar forex currencies currency
TP = 5.66170 hit as the 1W Channel Down (MACD = -0.073, Highs/Lows = -0.0245, B/BP = -0.1173) made a new Low just below the target. The price jumped to a new Lower High and is now set to price a new technical Lower Low. The 1D Lower Low line supports earlier however, so our new short's TP is 5.58718.
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