AUD/USD has broken through a line of 0.6500 and suggests a possible movement to 0.6550 within the next 7 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Related Posts
USD/CHF is approaching 0.9089. We expect either a breakout through this line, or a rebound.
USD/CHF is moving towards a resistance line. Because we have seen it retrace from this level in the…
After trying numerous times in the past, USD/JPY finally breaks 154.9650!
A strong support level has been breached at 154.9650 on the 4 hour USD/JPY chart. Technical Analysis theory…
Extreme movement experienced on AUD/USD. Check this chart to see what to do next
Those of you that are trend followers are probably eagerly watching AUD/USD to see if its latest 1.43%…