The movement of AUD/USD towards 0.6806 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 4 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Related Posts
GBPJPY formed a Rising Wedge on the 4 hour chart. Retest of resistance in sight.
GBPJPY is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great…
After testing 1.4405 numerous times, USDCAD has finally broken through. Can we expect a bullish trend to follow?
USDCAD is once again retesting a key horizontal resistance level at 1.4405. It has tested this level 5…
EURUSD – It’s perhaps in these huge moves where the greatest opportunity lies
EURUSD rose sharply for 14 days – which is an excessively big movement for this instrument; exceeding the…