GBP/USD is moving towards a key resistance level at 1.3134. This is a previously tested level for GBP/USD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
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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.
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%…