Don't Ignore This Chart

Aussie Dollar Breaks Triangle Resistance

The Australian Dollar Index ($XAD) broke above trend line resistance from a large triangle this week. Medium-term, the index is still trading in a range extending back to July 2012. A break above the July-September highs would argue for a challenge to the 2011 highs.

Click this image for a live chart
Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart to be notified whenever a new post is added to this blog!
comments powered by Disqus