AUD/USD is moving towards the resistance line of a Channel Down. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 8 hours.
Related Posts
Important price line breached by USD/CAD. This price has been tested numerous times before.
USD/CAD has broken through a resistance line. Because we have seen it retrace from this price in the…
After trying numerous times in the past, GBP/USD finally breaks 1.2570!
GBP/USD has broken through a resistance line. It has touched this line numerous times in the last 4…
We expect a 87 pip movement on USDJPY for the next 4 hours.
Based on the last 12 Non Farm Payrolls events in United States, we could see a $648 movement…