The price of GBP/USD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
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A very large move was recorded on AUDCAD. The size of the shift is exceptional.
AUDCAD reached 0.909115 after a 0.94% move spanning 2 days.
EURAUD is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
EURAUD is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a great…
Supports and resistances are primary concepts of technical analysis. USDCAD is heading for an important price of 1.3786 – read about what this could mean for the future.
USDCAD is moving towards a line of 1.3786 which it has tested numerous times in the past. We…