AUD/USD is moving towards the support line of a Falling 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 5 days and may test it again within the next 10 hours.
Related Posts
After testing support twice in the past, EURCHF has finally broken through. Can we expect a bearish trend to follow?
You would be well advised to confirm the breakout that has just occurred – do you believe the…
USDCHF may be on a start of a new bullish trend after its breakout through this important resistance level
The price of USDCHF in heading in the direction of 0.8417. Despite the recent breakout through 0.8268 it…
There is a possibility of a big movement on EURAUD after a breach of the resistance
The last 2 15 Minutes candles on EURAUD formed a Triangle pattern and broken out through the pattern…