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 17 days and may test it again within the next 3 days.
Related Posts
GBPJPY – approaching a support line that has been previously tested at least twice in the past
GBPJPY is heading towards the support line of a Channel Down. If this movement continues, the price of…
AUDUSD likely to test 0.6615 in the near future. Where to next?
AUDUSD is moving towards a line of 0.6615 which it has tested numerous times in the past. We…
GBPUSD is approaching a support line of a Falling Wedge. It has touched this line numerous times in the last 13 days.
GBPUSD is heading towards the support line of a Falling Wedge. If this movement continues, the price of…