AUD/USD is once again retesting a key horizontal resistance level at 0.6439. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Related Posts
USDCAD – It’s perhaps in these huge moves where the greatest opportunity lies
USDCAD has moved lower by 2.39% from 1.42943 to 1.39528 in the last 11 days.
GBPJPY is quickly approaching the resistance line of a Inverse Head and Shoulders. We expect either a breakout through this line or a rebound.
GBPJPY is moving towards a resistance line. Because we have seen it retrace from this line before, we…
After experiencing a 1.94% bearish move in the space of 9 days, nobody knows where AUDNZD is headed.
Those of you that are trend followers are probably eagerly watching AUDNZD to see if its latest 1.94%…