AUDNZD was identified at around 1.08541 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1.0904 level.
Related Posts
Because EURCAD formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
EURCAD is approaching the resistance line of a Channel Up. It has touched this line numerous times in…
GBPCHF seems to be on its way to support – a possible opportunity?
GBPCHF is moving towards a key support level at 1.0950. GBPCHF has previously tested this level 3 times…
USDCHF has formed 5 bearish candles successively, what is the probability of getting another bearish candle?
Due to the rate of consecutive bearish candles on USDCHF Daily chart we could be in for a…