Falling channel: Since late January, the AUD/USD has been in a falling channel seen in the 4H chart. The RSI shows a bearish momentum as it tags 30 and has held under 60. Also, the moving averages are in bearish alignment with higher periods above the lower ones. Today (2/12) we saw a pullback from a new 2013 low. As this rally develops, I wanted to take a look at what the strongest pullbacks have been since the market has been falling from the 1.06 handle. It turns out that the strongest pullbacks have been 90+, and under 100 pips. Today’s pullback has been about 95 pips so far. Will this pattern repeat? Scenarios: ... (full story)