AUD/USD has broken through a resistance line. It has touched this line numerous times in the last 5 days. This breakout shows a potential move to 0.6711 within the next 23 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
AUDNZD is approaching a support line of a Channel Down. It has touched this line numerous times in the last 10 days.
AUDNZD is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a great…
AUDCAD likely to test 0.8903 in the near future. Where to next?
AUDCAD is about to retest a key horizontal support level near 0.8903. It has tested this level 6…
Rare set of bearish consecutive candles on the USDCHF Daily chart. Can we expect a turn-around?
USDCHF has moved lower after 6 consecutive daily candles from 0.8180 to 0.7983 in the last 9 days.