The movement of AUD/USD towards 0.6938 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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Related Posts
CHFJPY is quickly approaching the support line of a Descending Triangle. We expect either a breakout through this line or a rebound.
Emerging Descending Triangle pattern in its final wave was identified on the CHFJPY 1 hour chart. After a…
Supports and resistances are primary concepts of technical analysis. EURCAD is heading for an important price of 1.5825 – read about what this could mean for the future.
EURCAD is approaching a resistance line at 1.5825. If it hits the resistance line, it may break through…
GBPCHF moves lower to 1.07054 in the last 13 days.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…