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 23 days and may test it again within the next 5 days.
Related Posts
Important price line breached by USDJPY. This price has been tested numerous times before.
USDJPY is once again retesting a key horizontal support level at 145.0465. It has tested this level 3…
A possible move on NZDUSD as it heads towards support
The movement of NZDUSD towards the support line of a Falling Wedge is yet another test of the…
EURGBP has formed 6 bullish candles successively, what is the probability of getting another bullish candle?
After posting 6 consecutive bullish candles in 7 days, you may start considering where EURGBP is heading next,…