AUD/USD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 4 days and may test it again within the next 8 hours.
Related Posts
USD/CAD seems to be on its way to resistance – a possible opportunity?
USD/CAD is moving towards a key resistance level at 1.3744. This is a previously tested level for USD/CAD.…
EUR/USD is currently testing a level of 1.0699. Will the breakout continue or will things reverse?
EUR/USD has broken through 1.0699 which it has tested numerous times in the past. We have seen it…
We expect a $1095 movement on USDJPY within the next 12 hours.
Based on the last 12 Retail Sales MoM events in United Kingdom, we could see a 147 pip…