# AUD/USD Triangle Formation (October 8, 2013) Source: https://www.tradersway.com/resources/market-info/aud-usd-triangle-formation-october-8-2013/ Language: en Updated: 2013-10-08 Description: Explore AUD/USD Triangle Formation (October 8, 2013). AUD/USD could. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. AUD/USD could be in for a decline today as the .9450 minor psychological level has been holding well as resistance so far. A drop could last until the recent support around the .9350 minor psychological level. The intraweek resistance is in line with the top of a triangle on the 1-hour time frame while the potential support at .9350 is found at the bottom of the triangle. Stochastic is in the overbought zone and moving down, hinting at a potential selloff. There are no major reports due from both the US and Australia today so the ranges could hold. ![AUD/USD Triangle Formation (October 8, 2013)] Shorting at .9450 and having a 50-pip stop with a 100-pip target would be a 2:1 trade for the day. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/aud-usd-triangle-formation-october-8-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/aud-usd-triangle-formation-october-8-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/aud-usd-triangle-formation-october-8-2013/", "headline": "AUD/USD Triangle Formation (October 8, 2013)", "inLanguage": "en", "datePublished": "2013-10-08T12:07:51+00:00", "dateModified": "2013-10-08T12:07:51+00:00", "articleSection": "Market Info", "description": "Explore AUD/USD Triangle Formation (October 8, 2013). 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