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
If EUR/USD touches 1.0655 it may be time to take action.
EUR/USD is moving towards a key resistance level at 1.0655. EUR/USD has previously tested this level 4 times…
We expect NZDUSD to trend upwards right now.
Based on the last 12 Retail Sales MoM events in United Kingdom, we could see a $1010 movement…
GBP/USD is currently testing a level of 1.2421. Will the breakout continue or will things reverse?
GBP/USD has broken through a support line. Because we have seen it retrace from this price in the…