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AUDCAD has broken through a level it has tested 6 times in the recent past.

AUDCAD has broken through a support 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 6 days and suggests a possible target level to be around 0.8893 within the next 20 hours.

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Supports and resistances are primary concepts of technical analysis. NKE is heading for an important price of 72.8900 – read about what this could mean for the future.

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