The price of AUD/USD in heading back to the support 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
NZD/USD – breach of price line that’s been previously tested numerous times before
NZD/USD has broken through 0.6197 which it has tested numerous times in the past. We have seen it…
A final push possible on GBP/USD as it starts approaching a price line of 1.3107.
The movement of GBP/USD towards 1.3107 price line is yet another test of the line it reached numerous…
USD/JPY has broken through resistance of a Channel Down. It has touched this line at least twice in the last 9 days.
You would be well advised to confirm the breakout that has just occurred – do you believe the…