AUD/USD is moving towards the resistance line of a Channel Down. Because we have seen it retrace from this line before, 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 2 days and may test it again within the next 8 hours.
Related Posts
A possible move by EUR/USD towards 1.0663
Channel Up pattern identified on EUR/USD has broken through a support level with the price momentum continuing to…
If EUR/USD touches 1.0620 it may be time to take action.
EUR/USD is heading towards a line of 1.0620. If this movement continues, the price of EUR/USD could test…
We expect AUDUSD to trend downwards right now.
Based on the last 12 Personal Income MoM events in United States, we may expect AUDUSD to trend…