Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
GOLD: bullish 'Engulfing' pattern
Information is not investment advice
The market has been rising since a 'Tweezers' pattern formed at the lower 'Window'. Also, there's a bullish 'Engulfing', so it's likely that the price is going to reach the upper 'Window' (1331.05) in the coming days. If a pullback from this level happens next, there'll be time for a downward correction in the direction of the previously tested support at 1292.71.
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