The breakout of AUD/USD through the resistance line of a Channel Down could be a sign of the road ahead. If this breakout persists, we expect the price of AUD/USD to test 0.6859 within the next 13 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
EUR/USD experienced a very large 18 hours bullish move to 1.0717
EUR/USD hits 1.0717 after a 0.61% move spanning 18 hours.
We expect AUDUSD to trend upwards for the next 12 hours.
Based on the last 12 Balance of Trade events in Australia, we could see a $360 movement on…
After testing 154.9650 numerous times, USD/JPY has finally broken through. Can we expect a bearish trend to follow?
USD/JPY has broken through a support line. It has touched this line numerous times in the last 8…