AUD/USD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 3 days and suggests a possible target level to be around 0.7236 within the next 12 hours.
Related Posts
EURJPY – approaching a resistance line that has been previously tested at least twice in the past
EURJPY is moving towards a resistance line. Because we have seen it retrace from this line before, we…
After testing 0.8189 numerous times, USDCHF is once again approaching this price point. Can we expect a bearish trend to follow?
USDCHF is moving towards a line of 0.8189 which it has tested numerous times in the past. We…
AUDCAD – approaching a resistance line that has been previously tested at least twice in the past
Emerging Channel Up pattern in its final wave was identified on the AUDCAD 1 hour chart. After a…