This trade steup on AUD/USD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 0.6529.
ARTÍCULOS RELACIONADOS
Breach of resistance could mean a start of a bullish trend on AUDUSD
AUDUSD has broken through the resistance line which it has tested twice in the past. We have seen…
EURCAD is approaching 1.6318. We expect either a breakout through this line, or a rebound.
EURCAD is about to retest a key horizontal resistance level near 1.6318. It has tested this level 6…
GBPJPY – Large moves like this tend to draw attention.
GBPJPY recorded a considerable move in the last 22 hours — one of its biggest in recent sessions.