Emerging Channel Up pattern in its final wave was identified on the EURAUD 30 Minutes chart. After a strong bullish run, we find EURAUD heading towards the upper triangle line with a possible resistance at 1.7615. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
EURAUD is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 3 days.
