AUD/USD is moving towards a line of 0.6672 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUD/USD continues in its current trajectory, we may see it move towards 0.6672 within the next 2 days.
Related Posts
After testing resistance twice in the past, EURGBP has finally broken through. Can we expect a bullish trend to follow?
EURGBP has broken through the resistance line which it has tested twice in the past. We have seen…
AUDCAD – breach of price line that’s been previously tested numerous times before
A strong support level has been breached at 0.8888 on the 1 hour AUDCAD chart. Technical Analysis theory…
Important support line being approached by AUDNZD. This price has been tested numerous time in the last 7 days
Emerging Falling Wedge detected on AUDNZD – the pattern is an emerging one and has not yet broken…