AUD/USD has broken through a support line. It has touched this line numerous times in the last 6 days. This breakout shows a potential move to 0.6620 within the next 20 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
A Rising Wedge has formed, AUDNZD is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
AUDNZD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…
USDCHF is approaching 0.7945. We expect either a breakout through this line, or a rebound.
USDCHF is moving towards a line of 0.7945 which it has tested numerous times in the past. We…
GBPUSD – approaching a resistance line that has been previously tested at least twice in the past
GBPUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…