The breakout of AUD/USD through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of AUD/USD to test 0.6840 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
A possible move on GBPUSD as it heads towards resistance
GBPUSD is heading towards the resistance line of a Channel Up and could reach this point within the…
AUDCAD – approaching a price line that has been previously tested numerous times in the past
AUDCAD is heading towards 0.8914 and could reach this point within the next 2 days. It has tested…
Interesting opportunity on EURCAD after breaking 1.56095
Triangle pattern identified on EURCAD has broken through a support level with the price momentum continuing to move…