AUD/USD has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 5 days and suggests a possible target level to be around 0.6772 within the next 16 hours.
Related Posts
After trying numerous times in the past, USD/CHF finally breaks 0.8582!
The price of USD/CHF in heading in the direction of 0.8604. Despite the recent breakout through 0.8582 it…
GBP/USD – It’s perhaps in these huge moves where the greatest opportunity lies
GBP/USD hits 1.30933 after a 2.36% move spanning 14 days.
Will EUR/USD break through the support level it tested before?
EUR/USD is moving towards a key support level at 1.0951. This is a previously tested level for EUR/USD.…