AUD/USD has broken through a line of 0.6500 and suggests a possible movement to 0.6550 within the next 7 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Related Posts
AUDUSD – breach of a trending support line that has been tested at least twice before.
AUDUSD has broken through a support line of a Descending Triangle and suggests a possible movement to 0.6461…
AUDNZD moves higher to 1.11437 in the last 2 days.
Those of you that are trend followers are probably eagerly watching AUDNZD to see if its latest 0.8%…
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…