The movement of AUD/USD towards 0.6793 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 23 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Related Posts
GBPUSD – approaching a resistance line that has been previously tested at least twice in the past
GBPUSD was identified at around 1.348505 having recently rebounded of the support on the 1 hour data interval.…
Supports and resistances are primary concepts of technical analysis. NZDUSD is heading for an important price of 0.5861 – read about what this could mean for the future.
NZDUSD is about to retest a key horizontal support level near 0.5861. It has tested this level 4…
A Triangle has formed, CHFJPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Triangle detected on CHFJPY – the pattern is an emerging one and has not yet broken through…