AUD/USD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 2 days and suggests a possible target level to be around 0.7243 within the next 6 hours.
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A Channel Up has formed, EURUSD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
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EURAUD is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
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