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 13 days and suggests a possible target level to be around 0.6944 within the next 2 days.
Related Posts
USDJPY – breach of a trending support line that has been tested at least twice before.
This trade setup on USDJPY is formed by a period of consolidation; a period in which the price…
AUDJPY is quickly approaching a very important level it has previously tested numerous times in the past
AUDJPY is moving towards a key resistance level at 97.1160. This is a previously tested level for AUDJPY.…
USDCAD breakout from a Inverse Head and Shoulders trade setup. Will it continue this trend to hit the target price?
USDCAD has broken through a resistance line of a Inverse Head and Shoulders and suggests a possible movement…