AUD/USD dropped sharply for 17 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in AUD/USD there is a chance that we will witness a correction, no matter how brief.
Related Posts
Important price line breached by GBPCHF. This price has been tested numerous times before.
GBPCHF has broken through a support line. It has touched this line numerous times in the last 13…
EURJPY – approaching a resistance line that has been previously tested at least twice in the past
EURJPY is moving towards a resistance line. Because we have seen it retrace from this line before, we…
After testing 0.8189 numerous times, USDCHF is once again approaching this price point. Can we expect a bearish trend to follow?
USDCHF is moving towards a line of 0.8189 which it has tested numerous times in the past. We…