AUD/USD is heading towards a price line of 0.6837 and could reach this point within the next 21 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.
Related Posts
USDJPY – breach of a trending support line that has been tested at least twice before.
This trade setup on USDJPY is formed by a period of consolidation; a period in which the price…
AUDJPY is quickly approaching a very important level it has previously tested numerous times in the past
AUDJPY is moving towards a key resistance level at 97.1160. This is a previously tested level for AUDJPY.…
USDCAD breakout from a Inverse Head and Shoulders trade setup. Will it continue this trend to hit the target price?
USDCAD has broken through a resistance line of a Inverse Head and Shoulders and suggests a possible movement…