The breakout of AUD/USD through the 0.6545 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, AUD/USD could test 0.6586 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
USDCHF is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
USDCHF was identified at around 0.91537 having recently rebounded of the support on the 4 hour data interval.…
EURGBP – It’s perhaps in these huge moves where the greatest opportunity lies
EURGBP hits 0.842 after a 1.76% move spanning 18 days.
EURCAD has broken out from the Triangle pattern. Expect it to hit 1.4866 soon.
EURCAD has broken through the resistance line which it has tested twice in the past. We have seen…