The price of AUD/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.
Related Posts
EURCHF – approaching a price line that has been previously tested numerous times in the past
EURCHF is moving towards a key support level at 0.9517. This is a previously tested level for EURCHF.…
EURCAD is quickly approaching the support line of a Channel Up. We expect either a breakout through this line or a rebound.
The movement of EURCAD towards the support line of a Channel Up is yet another test of the…
EURJPY – approaching a price line that has been previously tested numerous times in the past
EURJPY is approaching a resistance line at 162.9945. If it hits the resistance line, it may break through…