The price of AUD/USD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
A Rising Wedge has formed, AUDNZD is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
AUDNZD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…
USDCHF is approaching 0.7945. We expect either a breakout through this line, or a rebound.
USDCHF is moving towards a line of 0.7945 which it has tested numerous times in the past. We…
GBPUSD – approaching a resistance line that has been previously tested at least twice in the past
GBPUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…