AUD/USD is moving towards the resistance line of a Rising Wedge. 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 4 days and may test it again within the next 14 hours.
Related Posts
GBP/USD is currently testing a level of 1.2518. Will the breakout continue or will things reverse?
GBP/USD has broken through a line of 1.2518. If this breakout holds true, we could see the price…
We expect a $150 movement on GBPUSD within the next 4 hours.
Based on past Japan Consumer Confidence news events there is a 75% chance of GBPUSD trending upwards. We…
EUR/USD experienced a very large 18 hours bullish move to 1.0717
EUR/USD hits 1.0717 after a 0.61% move spanning 18 hours.