AUD/USD is once again retesting a key horizontal support level at 0.6606. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Related Posts
After trying numerous times in the past, CHFJPY finally breaks 174.3430!
The price of CHFJPY in heading in the direction of 173.4600. Despite the recent breakout through 174.3430 it…
A Falling Wedge has formed, AUDCAD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
An emerging Falling Wedge has been detected on AUDCAD on the 4 hour chart. There is a possible…
EURGBP moves higher to 0.8356 in the last 10 days.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…