AUD/USD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 13 days and may test it again within the next 3 days.
Related Posts
USDJPY experienced a very large 2 days bearish move to 151.829
A movement of 1.43% over 2 days on USDJPY doesn’t go unnoticed. You may start considering where it’s…
A Channel Down has formed, EURJPY is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Channel Down detected on EURJPY – the pattern is an emerging one and has not yet broken…
USDCHF seems to be on its way to support – a possible opportunity?
USDCHF is heading towards a line of 0.8849. If this movement continues, the price of USDCHF could test…