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AUD/USD – approaching a support line that has been previously tested at least twice in the past

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.

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US30 has broken through support of a Triangle. It has touched this line at least twice in the last 27 days.

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Merck & Co. Inc. is quickly approaching 87.35. We expect either a breakout through this line, or a rebound.

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