AUD/USD has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 5 days and suggests a possible target level to be around 0.6772 within the next 16 hours.
ARTÍCULOS RELACIONADOS
Supports and resistances are primary concepts of technical analysis. AUDCAD is heading for an important price of 0.9107 – read about what this could mean for the future.
AUDCAD is approaching a resistance line at 0.9107. If it hits the resistance line, it may break through…
AUDUSD – breach of a trending support line that has been tested at least twice before.
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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%…