AUD/USD is moving towards a resistance 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 9 days and may test it again within the next 2 days.
Related Posts
Breach of 0.8914 could mean a start of a bullish trend on USDCHF
The price of USDCHF in heading in the direction of 0.8939. Despite the recent breakout through 0.8914 it…
GBPCHF hits 1.14901 after a 0.96% move spanning 14 hours
GBPCHF experienced an extremely large move that lasted 14. This movement is in the 95.0 percentile and is…
After testing the resistance line numerous times, AUDUSD is once again approaching this line. Can we expect a bullish trend to follow?
An emerging Rising Wedge has been detected on AUDUSD on the 1 hour chart. There is a possible…